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USDCHF formed a sideways consolidation

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

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF formed a sideways consolidation in a range between 1.1128 and 1.1488 for several days. Pullback to retest 1.1128 previous low support could be seen in a couple of days. As long as 1.1128 level holds, we’d expect up trend to resume, and one more rise above 1.1488 level to reach next cycle top on daily chart is still possible.


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