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| USDCHF Analysis - Jun 28, 2008 |
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| Written by ForexCycle.com | |
| Saturday, 28 June 2008 | |
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USDCHF broke below the up trend line from 0.9634 to 1.0147. Deeper decline is possible to 1.0000 area in a couple of weeks. Key resistance is at 1.0539, only break of this level will signal resumption of long term up trend. For long term analysis, USDCHF is forming a cycle top at 1.0623 on weekly chart. Key support is located at 1.0147, a break of this level will confirm the cycle top.
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