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Collins: Climbing Swiss peaks

Alan Collins is trading USDCHF. With USD showing strength against EUR, GBP and CHF, the pair is at the highest levels since January and the market is expecting the most aggressive monthly performance since May 2013.

Intraday USDCHF is over-bought and ripe for profit taking, according to Alan, who warns that a medium-term dip is likely to be limited.

Alan Collins suggests looking at 0.9035-47 for fresh buying, and he adds that on the upside 0.9135 is an important recovery point.

There could be consolidation coinciding with EURUSD at 50% level.

Alan's targets are 0.9198 and 0.9232

01:12 minutes
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