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USDCHF remains in uptrend from 1.0434

Discussion in 'Technical Analysis' started by ForexCycle.com, May 11, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF remains in uptrend from 1.0434 and the price action from 1.1245 is more likely consolidation of uptrend. Support is at the rising trend line on 4-hour chart, as long as the trend line support holds, another rise to 1.1400 is still possible after consolidation and a break above 1.1245 could signal resumption of uptrend, only a clear break below the trend line support could suggest that the upward movement from 1.0434 has completed.


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