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August 9, 2012

USD/CHF in a bullish breakout from range; monitoring throwback

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The USD/CHF's range this week between 0.9655 and 0.9740 was broken during the 8/9 European-US session to the upside. The 1H chart shows the market pushing  above the week's high, and the 200-hour SMA, to 0.9790 before stalling and retracing in the latter half of US trading. As the session winds... FF News: Technical

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