Forex technical analysis: USDCHF peaks against trend line. Break time?

Discussion in 'Technical Analysis' started by ForexLive, Sep 3, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    May be time to take a little breather The USDCHF moved higher after the EURUSD tumble lower. That move took the price up to a old trend line that helped define a wedge back in mid August. That level comes in at 0.9757. It proved to be a level that slowed the rise. Earlier the price broke above a trend line at 0.9716 level and this will be eyed as a risk level for longs now.

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