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March 2, 2012

USD/CHF: Back over 0.9300 required to weaken bears

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USD/CHF appears to be within the midst of a corrective phase following the short-term base seen at 0.8931. Scope is seen for a lower high to form versus 0.9300 for a fresh swing to the downside and a re-test of 0.8931.  The 200 day moving average is still viewed as a reasonable near-term... FF News: Technical

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