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Forecast on USD Minors - June 12, 2009

posted by Avatar fxlady 1079 days ago in USD, CHF, Technical

USDCHF held precisely the level we suggested and closed @ 10705 which was below the open. The Hourly Oscillators are bearish but approaching oversold, so the bears have to be cautious. Hourly Trend is Sideways and Daily Trend is Sideways Down, so expect the price to be choppy or even some pull back.
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