“On an intraday level and 1hr charts, the move is starting to get parabolic (suggesting short term its over-baked) but the little double doji’s at the top of the current range suggest likely continuation, Thus short term, we are still bullish until a daily close below .9600 happens.”
USD/CHF last trades near the bottom of the mentioned range at 0.9702. Support comes in at 0.9592 (9 Jan high). Resistance lies at 0.9780 (9 Jan 2010 high).
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