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Forex technical analysis: USDCHF tests dual support area

Discussion in 'Technical Analysis' started by ForexLive, Feb 9, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    50% retracement and 200 hour moving average being tested The USDCHF has fallen sharply to the downside in trading today. The pair has moved down to a key support area defined by the 50% retracement at 0.9699 and the 200 day moving average at 0.97137.. The low extended to 0.9694. But the prices back above both technical levels can currently trades at 0.9722.

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