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USDCHF rebounded strongly from 1.1430

Discussion in 'Technical Analysis' started by ForexCycle.com, Jun 6, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    After touching 1.1449 support, USDCHF rebounded strongly from 1.1430, suggesting that a cycle bottom has been formed on 4-hour chart. Now the bounce from 1.1430 is more likely resumption of uptrend from 1.0434 (Apr 1 low), and another rise to 1.1900 is expected, however, a break above 1.1730 previous high is needed to confirm the resumption of uptrend.


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