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Free AccessThe recovery off Friday's 4-month......>
DOLLAR-SWISS: The recovery off Friday's 4-month low (Chf0.9652), briefly made a
show back above Chf0.9700 to Chf0.9708 before fading. Bulls need to clear the
100-dma & 50% retracement levels at Chf0.9749/59 to change the short-term
outlook and focus on the Chf0.9800/10 area. Failure to hold Chf0.9700 brings the
Aug31 ytd low at Chf0.9652 into view, a break is likely to accelerate the move,
opening the Apr17 low at Chf0.9581. Last Chf0.9703.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.