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USD/CHF Turns Toward Bearish Trend Continuation

posted by Avatar jameschen 729 days ago in USD, CHF, Technical made popular 729 days ago

USD/CHF (daily chart) as of Monday (6/20/2011) has completed yet another bullish retracement within the context of a steep bearish trend that has been in place for over a year, since the June 2010 1.1730 area high. This retracement brought price action back up to the key 0.8550 resistance (prior support) before turning back down.
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