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Swiss Franc Little Changed
Written by article default Monday, 04 October 2010 04:59
Daily Bars
There remains little to say about the USDCHF. The drop below 9915 could complete a 2 year correction from 12300. Clearly, confidence in this pattern is low at this point but the pattern does remain valid. The RSI divergence on the daily does warn of a reversal. The red painted bars indicate instances when RSI has been below 30.
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