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    USD/CHF: technical analysis on 18.02.2015

    USD/CHF continues to be trading within an ascending trend approaching a resistance level of 0.9400. The pair is currently located near the upper border of the channel that will probably need an extra stimulus to be broken, which provides a good chance of entering the market with short positions. The pair seems to be overbought on the H1 chart, which is confirmed by technical indicators. Stochastic is in the overbought zone. In case of intersection, we will have a signal to sell. The MACD histogram is in the positive zone. The signal line is within the histogram. In case it moves beyond, we will have a signal to sell. 

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