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USDCHF is facing channel support

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 10, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF is facing the support of the lower line of the price channel on 4-hour chart, a clear break below the channel support will indicate that the uptrend from 0.9147 had completed at 0.9455 already, then the following downward movement could bring price to 0.8500 zone. On the upside, as long as the channel support holds, the fall from 0.9455 would possibly be consolidation of the uptrend, one more rise to 0.9550 area to complete the upward movement is still possible.


    Provided by ForexCycle.com

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