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USDCHF remains in short term uptrend from 0.8553

Discussion in 'Technical Analysis' started by ForexCycle.com, May 12, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF remains in short term uptrend from 0.8553, and the rise extended to as high as 0.8904. Further rise is still possible later today, and next target would be at 0.8950 area. Support is now at 0.8820 followed by 0.8720, only break below these levels could indicate that the rise from 0.8553 is complete, then the following downtrend move could bring price to 0.8000 zone.


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