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USD/CHF: All eyes on 1.0200-10 resistance ahead of the Fed

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Two weeks ago , we highlighted a constructive candlestick pattern off bullish trend line support on USD/CHF and concluded that the pair could well bounce toward near-term Fibonacci resistance levels at 1.0120 (61.8%) and 1.0210 (78.6%). It took its time getting there, but USD/CHF finally edged up to test the 1.0210 level yesterday, leaving the pair trapped between the proverbial “rock and a hard place” ahead of today’s Fed meeting. As we noted in yesterday’s full FOMC preview report, the US

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