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October 20th, 2008, 6:33 pm | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCHF formed a sideways consolidation in a range between 1.1128 and 1.1488 for several days. Pullback to retest 1.1128 previous low support could be seen in a couple of days. As long as 1.1128 level holds, we’d expect up trend to resume, and one more rise above 1.1488 level to reach next cycle top on daily chart is still possible.

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

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