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USDCHF remains in downtrend from 0.9567

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 26, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF remains in downtrend from 0.9567, the price action from 0.9379 is likely consolidation of the downtrend. As long as 0.9567 key resistance holds, the downtrend could be expected to resume, and another fall towards 0.9200 is still possible. On the upside, a break above 0.9567 will indicate that the longer term uptrend from 0.9021 (Feb 1, low) has resumed, then the following upward movement could bring price to 0.9750 area.


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