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USD/CHF Hits Resistance Within Uptrend Channel

posted by Avatar jameschen 542 days ago in USD, CHF, Technical made popular 542 days ago

USD/CHF (a daily chart of which is shown) as of Wednesday (12/01/2010) has bumped up against key resistance in the 1.0060 price region. At the same time, price has also reached the upper border of a new parallel uptrend channel that extends back to the mid-October 0.9463 all-time low.
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