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USDCHF remains in uptrend from 0.9548

Discussion in 'Technical Analysis' started by ForexCycle.com, Nov 28, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCHF remains in uptrend from 0.9548 and the rise extended to as high as 1.0053 level. Key support is at 0.9848, as long as this level holds, uptrend is expected to continue and another rise to 1.0200 area is still possible. However, a breakdown below 0.9848 will indicate that the upward move from 1.9548 has completed at 1.0053 already, then the following downward move could bring price back to 0.9600-0.9700 zone.

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