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USD/CHF – Short-term structure still favours extension higher.

From migbank.com

Buy limit raised to 0.9410. Stop raised to 0.9310 and objectives adjusted as detailed below. An earlier break over 0.9555 without filling this strategy will negate this strategy and lead to us removing it from the report.  USD/CHF saw a minor retrace after breaking clear of the old 0.9331 high yesterday. The near-term structure exhibited on the hourly charts continues to suggest scope for a test of the region close to the March high at 0.9776.  This pair is currently ignoring the early warning signs exhibited by the continued rise in some core Euro-Zone government bond markets. If the yield on 10 year Italian ... (full story)

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