Tuesday, April 29, 2008

USDCHF Near Term Trendline Update in Our Long Term Bull Trend


This USDCHF move up could suffer an unobstructed retracement to the blue circle area where we find near term support from previous trend lines and fibonacci retracement. The USDCHF is also correlated to the movements on Wall Street and the broader index (S&P 500). Our main fundamental analysis is at our other blog.

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