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Since basing ahead of long-term up.....>

DOLLAR-SWISS
DOLLAR-SWISS: Since basing ahead of long-term up trendline support at Chf0.9540,
USDCHF has witnessed a 2.66% rise taking out key 100 & 200-dma resistance on the
move to Chf0.9926 (See MNI Analysis email USDCHF - Momentum Building, Sep 25).
Its also worth noting USDCHF has registered gains in October for the last 5
years straight, suggesting the trend could be set to continue. Next resistance
is seen at Chf0.9944 which represents the 76.4% retracement of Chf1.0068-0.9542,
above here opens the double-top resistance area at Chf0.9980/85, ahead of the
key parity level. A break is likely to accelerate the move toward the Jul 13 ytd
high at Chf1.0068. Last Chf0.9914.   

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