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USDCHF’s fall extends to 1.0648

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 3, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCHF’s fall from 1.0887 extends to as low as 1.0648. Deeper decline is expected later today and target is to test 1.0608 key support, a breakdown below this level could indicate that the uptrend from 1.0132 has completed at 1.0898 already. However, as long as 1.0608 support holds, the price action from 1.0898 is treated as consolidation of uptrend, another rise is still possible to 1.1000 area.

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