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Double-bottom USDCHF has formed a......>

DOLLAR-SWISS
DOLLAR-SWISS: Double-bottom
USDCHF has formed a double-bottom at Chf1.0050 with the recovery extending to
Chf1.0091. A close above the 50-dma at Chf1.0069 today would give bulls comfort,
targeting a break of the 38.2% retracement of Chf1.0237-1.0050 & May 13 high at
Chf1.0121/26. While a downside break of Chf1.0050 brings the 100-dma back into
view at Chf1.0009.  

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