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    Technical analysis for the USDCHF on 06.05.2015

    The USDCHF: further downside expected

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 150 pips Max. 0.9375Min. 0.9100

    usdchf1

    Short-term correction from 0.9285 support has turned down. The reversal was followed by the breakout of the 0.9285 mark itself at increased volume.

    Level 0.9285 is currently acting as a strong resistance. The re-test of this barrier will most likely trigger consolidation, followed by the bounce down.

    Potential decline targets are situated at: 0.9200, 0.9100.

    Alternative scenario: the breaking of 0.9285 resistance will be a signal for correction up. The growth target will be found at 0.9375.

    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: further downside expected

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 150 pips Max. 0.9375Min. 0.9100

    usdchf1

    Short-term correction from 0.9285 support has turned down. The reversal was followed by the breakout of the 0.9285 mark itself at increased volume.

    Level 0.9285 is currently acting as a strong resistance. The re-test of this barrier will most likely trigger consolidation, followed by the bounce down.

    Potential decline targets are situated at: 0.9200, 0.9100.

    Alternative scenario: the breaking of 0.9285 resistance will be a signal for correction up. The growth target will be found at 0.9375.

    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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