USDCHF Analysis, June 16th 2010

By IBTimes Staff Reporter | June 16 2010 3:42 AM

USDCHF continues its downward movement from 1.1730 and the fall extends to as low as 1.1292 level. Deeper decline is still possible later today and next target would be at 1.1200-1.1250 area. Resistance is located at the falling trend line, now at 1.1480, as long as this level holds, downtrend could be expected to continue. width=400

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