Friday, August 01, 2008

USD/CHF Is In Consolidation To Uptrend

By Franco Shao
ForexCycle.com
USDCHF is in consolidation to up trend. Near term support is at the up trend line from 1.0010 to 1.0134, as long as the trend line support holds, we’d expect up trend to resume, and a break of 1.0520 level will signal further rise to test 1.0623 (May 8 high) resistance.

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