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

USDCHF stays in a trading range between 1.0461 and 1.0624

Discussion in 'Technical Analysis' started by ForexCycle.com, Aug 15, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Joined:
    Sep 1, 2008
    Messages:
    914
    Likes Received:
    0
    USDCHF stays in a trading range between 1.0461 and 1.0624. Support is at 1.0461, as long as this level holds, another rise to re-test 1.0675 key resistance is still possible, a break above this level will indicate that the fall from 1.1730 (Jun 1 high) had completed at 1.0331 already. On the other side, a breakdown below 1.0461 could trigger another fall towards 1.0331 previous low.

    [​IMG]

    Daily Forex Forecast
     
Loading...

Share This Page