Wednesday, July 5, 2006 at 00:17 GMT
USDCHF traded in a narrow range between 1.2217 and 1.2277, further fall towards 1.2150 level is possible in the next couple of days. On the other side, the cycle bottom is nearing, key resistance is now at 1.2277, a break above this level will signal the cycle bottom, up trend may resume after this cycle bottom appears.
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