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USDCHF - Free Forex Market Analysis

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Wednesday, September 6, 2006 at 03:23 GMT

USDCHF formed a sideways consolidation in the last 4 weeks. 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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