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Long Term Forex Analysis
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USDCHF is testing 1.1416 previous high resistance
Sat, Oct 4 2008, 01:20 GMT
by Franco Shao
USDCHF is testing 1.1416 previous high resistance. Further rise could be seen to 1.1800 zone after consolidation, and a break of 1.1416 will confirm such case. Initial support is at 1.1055 and followed by the up trend line from 1.0010 to 1.0693, as long as 1.1055 support holds, we'd expect up trend to continue.
For long term analysis, USDCHF is in long term bullish movement. Further rise is still possible to 1.2000 zone after consolidation.
Published on Sat, Oct 4 2008, 01:20 GMT
Archive
- USDCHF is testing 1.1416 previous high resistance
Published On Sat, Oct 4 2008, 01:20 GMT - USDCAD rebounds sharply from 1.0297
Published On Wed, Oct 1 2008, 03:29 GMT - GBPUSD rebounded to 1.8668 level
Published On Sat, Sep 27 2008, 01:39 GMT - EURUSD broke above 1.4705 key resistance
Published On Wed, Sep 24 2008, 01:49 GMT - USDCHF formed a cycle top at 1.1416
Published On Sat, Sep 20 2008, 03:01 GMT
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