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Forex technical analysis: USDCHF gets close to cluster of support

Discussion in 'Technical Analysis' started by ForexLive, Feb 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Price decline stalls The USDCHF to the lowest level since January 11 - falling back below the parity level in the process. Yesterday, that level was broken on a way to 0.9986 before rebounding into the close. The correction into the Asia Pacific session corrected the price toward the 38.2% retracement at 1.0065 area. From there, the price decline resumed.

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