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

USDCHF remains in uptrend from 0.9917

Discussion in 'Technical Analysis' started by ForexCycle.com, Dec 9, 2009.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF remains in uptrend from 0.9917. As long as 1.0218 support holds, we’d expected uptrend to continue and further rally to test 1.0338 key resistance is still possible later today, a break above this level could indicate that the downtrend from 1.1021 (June 24 high) has completed at 0.9917 already. However, next short term cycle top is nearing, consolidation would more likely be seen before breaking above this level.


    Daily Forex Analysis

Share This Page