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Finaly Rebounded Last

Title: Technical analysis of the USD/CHF pair on January 16th, 2012
Commentary of the USD/CHF pair : The pair USD/CHF has finaly rebounded last friday and the breakout of 0.95 gave us a buy signal. The last low allowed us to draw a bullish slant (purple line). The pair is currently testing the resistance at 0.9567. All indicators are bullish. We continue to advise long positions as far as 0.9450 is support. The breakout of 0.9567 and 0.96 will both give a new buy signal. In case of return below 0.9450, we will be neutral between this level and 0.9423 (level of the bullish slant). The breakout of 0.9423 will give a sell signal. See the previous analysis of the USD/CHF pair of January 13th, 2012 USD/CHF Analysis



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