Thursday, July 13, 2006 at 00:05 GMT
USDCHF is treated as in correction to the down trend, key resistance is now at 1.2371 high, the pair may top at this level. On the other side, a break above this key resistance implies that the last cycle top is at 1.2356 (the day high of July 5), and then further rise towards 1.2400 level is possible, and the next cycle top would be after July 14.
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