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Forex Trading: Shorts in USD/CHF look to be covering at the lower level shown...

Posted by Michael FX on Mon, 05/19/2008 - 4:35am in

Shorts in USD/CHF look to be covering at the lower level shown with established resistance above. Stochastics are a little over sold and may indicate that until NY comes in, we may see USD try to get a little bounce from the relatively benign lower break of range trading in early London.

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