USDCHF Analysis - August 21, 2010 Bookmark and Share
Forex Market Analysis  |  Written by ForexCycle.com |  Saturday, 21 August 2010 04:15 GMT
USDCHF broke below 1.0331 support and the fall from 1.1730 extends to as low as 1.0257. As long as 1.0675 key resistance holds, further decline is still possible and next target would be at 1.0200 area, only break above 1.0675 will indicate that the fall from 1.1730 is complete.

For long term analysis, USDCHF formed a cycle top at 1.1730 level on weekly chart. Further fall to 1.0200 to reach next cycle bottom on weekly chart is expected in a couple of weeks.

usdchf daily chart
 

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