Daily Forex Analysis ? April 18, 2011

USDCHF Analysis. USDCHF remains in downtrend from 0.9339, and the fall extended to as low as 0.8895, the price action from 0.8895 is treated as minor consolidation of downtrend. Another fall would likely be seen after consolidation, and next target would be at 0.8800 zone. Resistance is at 0.8975, only break above this level will [...]

Source: http://blog.forexcycle.com/6225/daily-forex-analysis-april-18-2011/

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