USDCHF Analysis, Daily Forex Analysis, July 22nd 2010

 @ibtimes
on July 22 2010 7:17 AM

USDCHF stays in a trading range between 1.0399 and 1.0675. Rise towards 1.0675 resistance would more likely be seen later today. As long as 1.0675 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.1730, and another fall to 1.0200 is still possible after consolidation.

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