1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

USDCHF’s rise extended to 0.9870

Discussion in 'Technical Analysis' started by ForexCycle.com, Nov 15, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF’s rise from 0.9548 extended further to 0.9870 level. Support is at 0.9795, as long as this level holds, upward move is expected to continue and next target would be at 0.9850-0.9900 area. However, a breakdown below 0.9795 will suggest that a cycle top is being formed on 4-hour chart, then pullback to 0.9650 area could be seen to follow.


    Written by ForexCycle.com

Share This Page