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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

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    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.

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