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29 May 2013
Flash: USD/CHF remains bullish - Commerzbank
FXstreet.com (Barcelona) - Commerzbank research teams have said that the market has seen a strong recovery just ahead of the .9578 mid-May low and the 0.9568 March high.
They have minor resistance at 0.9769/72 which is the location of the 78.6% Fibonacci retracement of the 2012-13 descent and the June 2012 high and this is already being eroded. Attention is on the 0.98395 May high and then 0.9972 the 2012 high.
They have minor resistance at 0.9769/72 which is the location of the 78.6% Fibonacci retracement of the 2012-13 descent and the June 2012 high and this is already being eroded. Attention is on the 0.98395 May high and then 0.9972 the 2012 high.