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USDCHF Breaks Above Multi-Year Trendline

Discussion in 'Technical Analysis' started by ActionForex.com, Oct 20, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    On the monthly charts, USD/CHF has broken above trendline resistance which served as former support in 1995 and 2004. Meanwhile, long-term monthly oscillators including RSI and MACD turning bullish. Intraday resistance looms at today's highs of 1.1524 but the December 2007 high of 1.1628 provides a more significant target level.

    complete article here...

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