USD/HUF down move could be exhausted

USD/HUF opened yesterday on the lower edge after a previous falling session, but rallied and closed well above the prior session's close.

This price action has left a piercing line on the chart that let bears second-guess their positions. Such a pattern may be some cause for optimism when it appears at a support level.

Japan’s Defense Minister Inada steps down

Reuters out with latest headlines on the Japanese political scenario, citing that Japan’s Defense Minister Inada official announced her resignation at
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USD/CHF clocks 13-month high, runs into 23.6% Fib R of 2000 high - 2011 low

The sell-off in the Swiss Franc in Asia pushed the USD/CHF to a 13-month high of 0.9718 - which is also the 23.6% Fibonacci retracement of the fall fr
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