Monday, 13 May 2013

USDCHF - Marabuzo line acts as platform

April's decline based at a Marabuzo line created by February's sharp improvement - see the chart.
May's new demand has used that point as a platform for a move to the most positive levels traded for 9 months.












A move through the top of the weekly Ichimoku Cloud and a strong move upward from the 13, 100 & 200 day moving averages also emphasises teh importance of the Marabuzo line support.



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