1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

USDCHF remains in downtrend from 0.9339

Discussion in 'Technical Analysis' started by ForexCycle.com, Apr 17, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Joined:
    Sep 1, 2008
    Messages:
    914
    Likes Received:
    0
    USDCHF remains in downtrend from 0.9339, and the fall extended to as low as 0.8895, the price action from 0.8895 is treated as minor consolidation of downtrend. Another fall would likely be seen after consolidation, and next target would be at 0.8800 zone. Resistance is at 0.8975, only break above this level will indicate that lengthier consolidation of downtrend is underway, then range trading between 0.8895 and 0.9050 could be seen to follow.

    [​IMG]

    Daily Forex Forecast
     
Loading...

Share This Page