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USDCHF’s downward movement extends to 0.9021

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 29, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF’s downward movement from 0.9455 extends to as low as 0.9021. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8950 area. On the upside, a clear break above the trend line resistance will indicate that consolidation of the downtrend is underway, then range trading between 0.9021 and 0.9137 could be seen.


    Provided by ForexCycle.com

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