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USDCHF Daily Forecast: March 06

03/05/2012  10:29

USDCHF Forecast
The USDCHF didn’t make significant movement yesterday. The bias is neutral in nearest term but as long as stays above 0.9050 short term bias seems more to the upside testing 0.9220/30 area. I still prefer a bearish scenario at this phase since the failure to break above 0.9600 but would need a clear break and daily close back below 0.9050 to reactivate my bearish mode.

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