| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
USDCHF is facing trend line resistance
Tuesday, September 18, 2012 19:43
% of readers think this story is Fact. Add your two cents.
USDCHF is facing the resistance of the downward trend line on 4-hour chart, a clear break above the trend line will indicate that a cycle bottom is being formed at 0.9239, and lengthier consolidation of the downtrend from 0.9607 is underway, then further rise to 0.9400 area could be seen. However, as long as the trend line resistance holds, another fall towards 0.9100 area is still possible, and a breakdown below 0.9239 could signal resumption of the downtrend.
