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Forex pairs in this Article » USD/CHF

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Very Short Term Bottoming Pattern Triggers; .8930/60 of Interest Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-On Wednesday, USDCHF filled a previously uncovered close from Nov 4th, 2011. The drop to YTD lows shifts focus to the Oct 2011 low at .8570, which is also a head and shoulders objective.

-In general, .8930/60 is estimated resistance. The market would need to clear .9075 to suggest a change in the near term trend.

Trading Strategy: Flat

LEVELS: .8761 .8839 .8963 | .8933 .8963 .9012

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