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Trend of the Day: USD/CHF

Wednesday, 12 November 2008 05:47:15 GMT

Written by Gregory McLeod, Power Course Instructor

Trend of the Day – USD/CHF

A U.S. Veterans Day holiday kicked off with a dollar rally. USDCHF looks especially bullish as it broke out of 6 day sideways range closing above November 4th high of 1.1799. Look for 1.2100 area to be challenged in the coming days. Price may retest the breakout point before moving higher to give us another chance to enter long.

Greg McLeod trend of the Day USDCHF 11.12.08
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