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January 29th, 2009, 5:20 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

Being supported by the lower border of the price channel on 4-hour chart, USDCHF rebound from 1.1313. further rise to test 1.1714 is possible. As long as this level holds, we’d expect sideways consolidation to continue, and one more fall below 1.1313 would more likely be seen before breaking above 1.1714 level.

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

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