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Breach of support could mean a start of a bearish trend on BIDU

BIDU has broken through a support line. It has touched this line at least twice in the last 28 days. This breakout may indicate a potential move to 89.0417 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

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USDCHF is approaching 0.8808. We expect either a breakout through this line, or a rebound.

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