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[يمن فوركس | yemenforex‎]

Forex Trading: USD/CHF Breaks Key Level and Heads for New Support

Posted by Basil Fayad on Mon, 12/15/2008 - 5:59am in

• USD/CHF

USD/CHF has broken key support around 1.1750/52 and is heading for 61.8% Fibonacci Retracement (posted from last friday), around 1.1635.  A break below this level  could yield 1.1200 which was low from 10/29.  Look to this old support as new resistance as continued USD weakness drags USD/CHF further south.

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