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January 19, 2012

USD/CHF Attempting to Top Off; Key Support Around 0.93

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Instead of advancing and extending the bullish mode USD/CHF has been in since July of 2011, the pair has found resistance at 0.9593 (right below 0.96). The daily chart shows a bearish divergence and the decline following through. Now, the RSI is heading back to 40, a break below which would suggest... FF News: Technical

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