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FX.co ★ Wave analysis of the USD/CHF for October 02, 2009

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Forex Analysis

2009-10-02T12:22:14
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Wave analysis of the USD/CHF for October 02, 2009

Wave analysis of the USD/CHF for October 02, 2009

Extended correction gives a cause to consider the continuing upside mini trend as a forming A-wave, future correctional ABC. Presently, the target level of this correctional A-wave is seen in the range of 1,0460-1.0545. At the same time, too overbought Stochastics forces to think over the long positions opening.

Regards,

Analyst: Alexander Dunin

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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