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Ascending Trend-Channel Resistance Might Hinder USDCHF Rally

Discussion in 'Technical Analysis' started by Kaitlin, Jan 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Following its bounce from 0.9800 – 0.9790 horizontal support-zone, which comprised of 100-day SMA 50% Fibonacci Retracement of August – November upside, the USDCHF managed to portray short-term ascending trend-channel and surged to the highest levels in more than a month. However, the channel resistance, presently at 1.0200, might[​IMG]

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