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    Technical analysis for the USDCHF on 30.04.2015

    The USDCHF has breached strong support at 0.9500

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 160 pips Max. 0.9500

    Min. 0.9220

    usdchf7

    The situation with the Swiss Franc is the opposite as that with the EURUSD. The pair broke strong support at 0.9500.

    The breakout occurred at high volume which is a good signal for the continuation of the bearish trend.

    Further bearish development is currently held back by 0.9370 support – its breakout to the downside will open the way to 0.9300, 0.9200.

    Alternative scenario: correction up towards strong resistance at 0.9500 is probable. The test of this barrier will trigger consolidation.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The USDCHF has breached strong support at 0.9500

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 160 pips Max. 0.9500

    Min. 0.9220

    usdchf7

    The situation with the Swiss Franc is the opposite as that with the EURUSD. The pair broke strong support at 0.9500.

    The breakout occurred at high volume which is a good signal for the continuation of the bearish trend.

    Further bearish development is currently held back by 0.9370 support – its breakout to the downside will open the way to 0.9300, 0.9200.

    Alternative scenario: correction up towards strong resistance at 0.9500 is probable. The test of this barrier will trigger consolidation.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


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