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October 1st, 2012, 3:54 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCHF failed to break below 0.9325 key support and continues its upward movement from 0.9239. support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and the target would be at 0.9500 area. On the downside, a clear break below the trend line support will indicate that the uptrend from 0.9239 has completed, then the following downward movement could bring price back towards 0.9000.

usdchf

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forexcycle Forex Cycle. See more Forex Analysis from forex cycle.

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