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Flash: USD/CHF remains bullish - Commerzbank

FXstreet.com (Barcelona) - Commerzbank research teams have said that the market has seen a strong recovery just ahead of the .9578 mid-May low and the 0.9568 March high.

They have minor resistance at 0.9769/72 which is the location of the 78.6% Fibonacci retracement of the 2012-13 descent and the June 2012 high and this is already being eroded. Attention is on the 0.98395 May high and then 0.9972 the 2012 high.

USD/CAD losing ground

USD/CAD has lost ground since the dollar’s subsequent gains yesterday when a surprise uptick in Consumer Confidence and higher US treasuries lead the pair to 1.0422 highs.
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Flash: Fed can be patient – JP Morgan

Research teams at JP Morgan have said that the cyclical arguments for a stronger dollar are more convincing In terms of US cyclical conditions.
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