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August 8, 2012

USD/CHF ranging between 0.9740 and 0.9655

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In the previous USD/CHF update, I noted that the pair was bearish and had a swing projection to 0.9620, with resistance at the previous support area of 0.9740-0.9750. So far this week, the market indeed found resistance at 0.9740 but has also flattened out, ranging with that resistance and support... FF News: Technical

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