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USDCHF stays in a trading range between 0.8747 and 0.8945

Discussion in 'Technical Analysis' started by ForexCycle.com, May 24, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCHF stays in a trading range between 0.8747 and 0.8945. Another rise to test 0.8945 resistance would likely be seen later today, a break above this level will indicate that the uptrend from 0.8553 has resumed, then next target would be at 0.9100 zone. Support is at 0.8747, only break below this level will indicate that lengthier consolidation of uptrend is underway, then pullback to 0.8650 could be seen.

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