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USDCHF stays below a falling trend line

Discussion in 'Technical Analysis' started by ForexCycle.com, Dec 16, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCHF stays below a falling trend line on 4-hour chart and remains in downtrend from 1.0066. As long as the trend line resistance holds, downtrend is expected to continue and one more fall to 0.9500 is still possible. Only a clear break above this trend line resistance could indicate that the downward movement from 1.0066 has completed at 0.9561 already, then the following uptrend could bring price to 1.0200 area.

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