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Barclays Capital on USD/CHF
Barclays Capital technical analysts say after testing trend resistance earlier in the week, dollar-Swiss has been edging lower again. They say "as momentum rolls bearish from overbought levels, we would view a close below Chf0.8780 (overnight low) as targeting a return to Chf0.8550." Barring a rally back over Chf0.8975 (trendline), the analysts prefer "to stay bearish (short below Chf0.8895).
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