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FX Thoughts for the Day

Discussion in 'Technical Analysis' started by ActionForex.com, May 2, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Looking at the big picture, we see that having rallied for three consecutive weeks now, from 0.9926 (14-Apr) to 1.0511 (1-May) USD-CHF is closing up on an important Resistance at 1.0550. It could possibly retrace after facing Resistance at this level. However, there is a bigger Resistance seen on the...

    complete article here...

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