Monday, 17 September 2012

USD/CHF Looks Heavily Oversold -ZKB


USD/CHF is now looking heavily oversold, says ZKB and thus a correction seems likely today. Still, "technical support at 0.9210 and 0.9235 looks very solid," according to analysts at Zuercher Kantonalbank. "Long USD/CHF positions around 0.9330 should be liquidated as the general trend for the dollar is still pointed downwards," they add. USD/CHF at 0.9293.

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