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May 1, 2012

USD/CHF Anchored in Declining Channel in Test of Rising Trendline

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Looking at the daily USD/CHF chart, we see a market trading sideways after topping near 0.9570. The RSI being stuck between 40 and 60 reflects a consolidation mode. The range of this consolidation is between 0.9330 and 0.8930. Note also that the latest daily candle is starting to break below a... FF News: Technical

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