Home  Long Term Forex Analysis USDCHF Analysis - Jul 23, 2008
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USDCHF Analysis - Jul 23, 2008 |
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Written by ForexCycle.com
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Tuesday, 22 July 2008 |
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USDCHF is testing 1.0351 resistance, a break above this level will signal further rebound to test 1.0539 long term key resistance, and a break of this level will indicate that the down trend from 1.0623 has completed, and long term up trend has resumed.
For long term analysis, USDCHF formed a long term cycle top at 1.0623 on weekly chart. Consolidation in a range between 0.9634 and 1.0623 is expected. Up trend will resume before breaking below 0.9634 level.
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