Sunday, March 7, 2010

Forex Trading: USDCHF Reaches Downside Target At 1.0646.

As per prior post (click here), the USDCHF broke through support and moved toward the target level at teh 1.0646 level. The low reached and has bounced. The level remains a key level below with a break leading to further liquidation toward 1.0609.
On the topside, look for resistance at the 1.0675 now.
gregmike-00706

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