Daily Forex Analysis ? May 16, 2011

USDCHF Analysis. USDCHF ran in a rising price channel on 4-hour chart, and remains in uptrend from 0.8553. Now the pair had reached the upper border of the channel, minor consolidation of uptrend would likely be seen later today, and another rise towards 0.9000 is still possible after consolidation. Support is at the lower border [...]

Source: http://blog.forexcycle.com/6364/daily-forex-analysis-may-16-2011/

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