26-04-2006
The sensitive support of USDCHF is at 1.2639. If this support holds, USDCHF will bottom here and up to test 1.2746, the key resistance on 4 hours chart, a break above this level will confirm the cycle bottom. And if 1.2639 is broken below, USDCHF has bottomed at 1.2650 (the day low of Apr 19), and will move lower to test the support of 1.2556 (the day low of Jan 24), and the next cycle bottom will be after Apr 28.
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