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Swiss Franc (CHF) Technical Major Currencies (2012-04-26)



26 April 2012 @ 02:27 am EDT

Morning Report

The pair maintains fluctuations among the symmetrical triangle pattern, while hovering around the 50-days SMA, meanwhile stochastic has dipped within oversold area. thus we still see theupside potential we have been suggesting in our previous reports probable.

The trading range for today is among key support at 0.8965 and key resistance at 0.9260.

The general trend over short term basis is to theupsidetargeting0.9950as far as areas of0.8850remain intact.

Previous Report

Weekly Report

Support0.90800.90300.90000.89850.8965
Resistance0.91450.91750.92000.92300.9260
RecommendationBased on the charts and explanations above our opinion is, buying the pair above 0.9075 targeting 0.9150 and 0.9300 stop loss below 0.9000

For more forex information, go to www.ecpulse.com

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