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The Daily Forecaster: USDCHF

Discussion in 'Technical Analysis' started by ActionForex.com, Dec 23, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The underlying MT direction is bullish while the daily bias is bearish. Therefore it is likely that any losses are corrective only. Note support levels that could stall any decline. Consider bullish set up patterns at key support levels or should price threaten to break above any key resistance levels...

    complete article here...
     
  2. Fxtrader88

    Fxtrader88 New Member

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    Decisive break there will confirm long term trend reversal. In that case, USD/CHF would target long term fibonacci level at 38.2% retracement of 1.8305 to 0.7065 at 1.1359. We'll stay cautiously medium term bullish as long as 0.9842 resistance turned support holds.
     
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