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Archive for June, 2008

Daily Forex Analysis – Jun 2, 2008

Monday, June 2nd, 2008

20080602_usdchf_1.gifUSDCHF Analysis.
USDCHF pulls back from 1.0526 and is forming a short term cycle top on 4-hour chart. Deeper decline to retest 1.0214 previous low support is expected and break below this level to reach the next cycle bottom is possible. Initial resistance is at 1.0526, only rise above this level will signal resumption of up trend.

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