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Greg Michalowski

Forex Trading: USD/CHF Holds Steady Above 100-HR Moving Average

By Greg Michalowski on December 4, 2008 | More Posts By Greg Michalowski | Forex News By FXDD

USD/CHF is being supported immediately around 1.2084 (Immediate Support) just above the 100 HR MA and the 200 HR MA.  should this level yield look for next support around 1.2020 (S2), with a fail there leading back down to the 1.1830 (S3) level.  Immediate resistance of this short term trend can be seen around 1.2165 (R1) , with a break above looking to take USD/CHF back to 1.2300 (R2) seen in November.

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