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USDCHF is facing 0.9228 support

Discussion in 'Technical Analysis' started by ForexCycle.com, Aug 6, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCHF is facing 0.9228 support, a breakdown below this level will indicate that the downtrend from 0.9751 has resumed, then further decline to 0.9000 area could be seen. On the upside, as long as 0.9228 support holds, the price action from 0.9228 could be treated as consolidation of the downtrend from 0.9751, one more rise to 0.9450 area to complete the consolidation is still possible.

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