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USDCHF stays within a upward price channel

Discussion in 'Technical Analysis' started by ForexCycle.com, Jan 22, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8986. As long as the channel support holds, further rise could be expected after a minor consolidation, and next target would be at 0.9200 area. On the downside, a clear break below the channel support will indicate that lengthier consolidation of the longer term uptrend from 0.8799 is underway, then pullback to 0.9000 area could be seen.


    Provided by ForexCycle.com

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