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USDCHF
As expected, USDCHF broke below the previous low support at 1.2108. A sideways consolidation will be seen in the next several days. Near term resistance is at 1.2198, and near term support is at 1.2102, a break below 1.2102 will signal the resumption of the down trend.
USDCHF
USDCHF broke below the price channel support, and further fall below 1.2108 previous low to reach the next cycle bottom on 4 hours chart is still possible in the next several days. Near term resistance is at 1.2260, only break rise above this level may delay the resumption of the down trend.
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USDCHF
Being contained by the price channel resistance, USDCHF pulled back from 1.2354 and broke below the key support at 1.2252. The pair topped at 1.2354 on 4 hours chart and further fall towards 1.2108 previous low can be expected in the next several days. Key resistance is at 1.2354, only break above this level may signal the resumption of the up trend.
USDCHF
USDCHF is testing the price channel resistance, further rise towards 1.2436 to reach the next cycle top on 4 hours chart is possible if the channel resistance gives way. On the other side, the next cycle top is nearing, key support is at 1.2252, a break below this level will confirm the cycle top.
USDCHF
Key resistance at 1.2254 is broken above, USDCHF bottomed at 1.2107 on 4 hours chart. Further rise towards 1.2350 is still possible later today. On the other side, the next cycle top is nearing, key support is at 1.2157, and a break below this level will signal the resumption of the down trend
USDCHF
USDCHF is bottoming at 1.2107, key resistance is at 1.2254, a break above this level will confirm the cycle bottom. The rise from 1.2107 is treated as in correction to the down trend, and further rise towards 1.2300 to reach the next cycle top on 4 hours chart will more likely be seen before breaking below 1.2107 level.
USDCHF
No changed in our view, USDCHF is bottoming at 1.2107 on 4 hours chart, key resistance is at 1.2260, a break above this level will confirm the cycle bottom, and further rise towards 1.2300 level can be expected in the next several day. Near term support is at 1.2107, only break below this level may signal the resumption of the down trend.
USDCHF
USDCHF is bottoming at 1.2107 on 4 hours chart, key resistance is at 1.2260, a break above this level will confirm the cycle bottom, and further rise towards 1.2300 level can be expected in the next several day. Near term support is at 1.2107, only break below this level may signal the resumption of the down trend.
USDCAD
USDCAD is in correction to the down trend, further rise towards 1.1800 is still possible in the next several days. Near term support is at the up trend line, now at 1.1729. Key support is at 1.1670, a break below this level may signal the resumption of the down rend.
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