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November 8, 2012

USD/CHF holding above 200-day SMA

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The USD/CHF recenlyt broke above a range resistance at 0.9430. During the 11/7 session, it fell back under 0.94 to 0.9380, near the 200-day SMA, but bounced back up to end the day above 0.9430. This choppy session is showing respect for the 200-day SMA as support, another sign of bullish intent. As... FF News: Technical

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