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USDCHF Technical analysis 7 August 2018

2018-08-06 09:58 pm | Resource: Technical Analysis | No Views : 260

Time frame Used – Daily
USDCHF is moving in a sideway direction in the near term
USDCHF CHART
The USDCHF still faces resistance around 1.0005 - 1.005 levels
  Accordingly, we expect that the USDCHF will test the levels of 1.0005 - 1.005 and then to drop back again  to support level of  0.9856 again.
  The alternative scenario is that the USDCHF breach level of  1.005 higher to test the 1.02 level
   Resistance: 1.0005 - 1.005 - 1.02
Support: 0.9856 - 0.9792 - 0.9699
Direction: sideway
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