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| USDCHF Analysis - Jul 2, 2008 |
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| Written by ForexCycle.com | |
| Wednesday, 02 July 2008 | |
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USDCHF broke below 1.0147 support and reached 1.0129 level. Deeper decline could be seen to 1.0000-50 area. Key resistance is at 1.0539, only break of this level will signal resumption of long term up trend. For long term analysis, USDCHF broke below 1.0147 key support, suggesting a long term cycle top has been formed at 1.0623 on weekly chart. Deeper decline is now expected to follow.
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