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    USD/CHF: downtrend will continue on 27.02.2015

    The USD/CHF has been trading in a 90-point range (0.9542-0.9452) this week. The pair held at 0.9505 (61.8% Fibonacci retracement) most of the time. On Thursday, after publication of positive data on commercial goods orders in the USA that exceeded forecasts ant amounted to 2.8%, the price rose to the upper limit of the price range, but underwent a serious correction afterwards.

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