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USDCHF stays above a rising trend line

Discussion in 'Technical Analysis' started by ForexCycle.com, Feb 13, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCHF stays above a rising trend line on 4-hour chart. As long as the trend line support holds, uptrend could be expected to continue and next target would be at 0.9800-0.9850 area. However, a clear break below the trend line could indicate that a cycle top is being formed, and the rise from 0.9328 is complete.

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