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USD/CHF buyers stood their ground

The recent USD/CHF decline has pushed the daily MACD line below zero.

Momentum traders following this technical signal will now more confident that serious inroads to the USD/CHF downside can be achieved. Long-term sellers should find comfort in the fact that this signal hasn't occurred for more than three weeks on the daily charts.

Key events: - Westpac

Sean Callow, analyst at Westpac explained the key events for the day.
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