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USDCHF formed a cycle top at 1.1416

Discussion in 'Major Currency Pairs' started by ForexCycle.com, Sep 19, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCHF formed a cycle top at 1.1416 on daily chart. Consolidation to up trend could be seen and pullback is expected to 1.0600-700 area. Key resistance is at 1.1416, only rise above this level will signal further rally towards 1.1595 (Dec 20, 2007 high).

    For long term analysis, USDCHF is in bullish movement. Further rise could be seen to 1.2000 zone in a couple of weeks.

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