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USDCHF traded in a narrow range

Discussion in 'Technical Analysis' started by ForexCycle.com, Nov 21, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    After touching 0.9971 resistance, USDCHF traded in a narrow range between 0.9855 and 0.9997. Key support is at 0.9855, a breakdown below this level will indicate that a cycle top has been formed at 0.9997 level on 4-hour chart, then another fall towards 0.9463 previous low could be seen. On the other side, above 0.9997 will indicate that the pair remains in uptrend from 0.9548, then next target would be at 1.0100 area.


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