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March 19, 2012

USD/CHF Continues to Trade in Declining Channel; At Support

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The 1H USD/CHF chart shows a market trading in a declining channel. The latest swing during the 3/19 US trading session brought the pair to channel support which is in confluence with a pivot seen in the 4H chart. The 1H RSI reading is below 30, and shows persistent bearish momentum as it had failed... FF News: Technical

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