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Forex technical analysis: USDCHF tests key support level

Discussion in 'Technical Analysis' started by ForexLive, Jul 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    100 hour and trend line The USDCHF has moved lower in trading today and in the process moved back below the 200 day MA at the 0.9844 level (see green overlay line in the chart below). However, the break and fall has run into another key technical level where the 100 hour MA and the trend line connecting lows gonig back to July 5th cut across at 0.9829 and 0.9825.

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