USDCHF Analysis, Daily Forex Analysis, July 30th 2010

30 July 2010 @ 12:05 am EDT

USDCHF failed to break above 1.0675 key resistance and dropped sharply to as low as 1.0374 level. A cycle top had been formed at 1.0639 on 4-hour chart. Further decline could be seen in next several days and next target would be at 1.0200 area.

For more forex information, go to www.forexcycle.com

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