Wednesday, July 12, 2006 at 00:09 GMT
USDCHF may be topping and is forming a sideways consolidation on 4 hours chart, down trend will resume after key support at 1.2182 is broken below. On the other side, key resistance is at 1.2330, if this resistance is broken above, the pair has topped at 1.2356 level, further rise towards 1.2400 level is possible, and the next cycle top would be after July 14.
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