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Ascending Trend-Channel Support Triggered USDCHF Pullback

Discussion in 'Technical Analysis' started by Kaitlin, Feb 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Following its failure to surpass two-month old ascending trend-channel resistance, the USDCHF dropped to the two week low; however, support-line of the mentioned channel, presently around 0.9990-85, triggered the pair's pullback on Wednesday. The pair now rests near the 50-day SMA with 23.6% Fibonacci Retracement of its August – November[​IMG]

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