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USDCHF - Free Forex Market Analysis

In FREE Forex Market Analysis section, we'll provide forex market traders mid-term technical analysis of major currency pairs. But first of all, you should go to FAQ page to read the expression of the signs and words that appeared on the forex market analysis charts. You may join our yahoo group if you want to receive the update alert immediately after the analysis had been posted. For daily forex analysis, you can subscribe our Short-Term Forex Market Analysis, now you can get it at no charge.

Saturday, September 2, 2006 at 03:20 GMT

USDCHF is forming a sideways consolidation. This consolidation is treated as correction to the down trend. Further fall below 1.2182 towards 1.1919 can be expected after this consolidation. Key resistance is at 1.2422, only break above this level may delay the resumption of the down trend. Key support is at 1.2182, break below this level may signal the resumption of the down trend.

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