Forex Trading: USD/CHF Tests Topside Ceiling Resistance

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Forex Trading: USD/CHF Tests Topside Ceiling Resistance

By Greg Michalowski on February 18, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The USD/CHF is testing the 1.1779 ceiling which has contained the topside for the USDCHF since February 10th. A break will likely solicit addtional buyers. The first upside target the 1.1830 level (lows from Nov 25th and 26th). The high price off the move higher in 2008 reached 1.2297.

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