Forex Trading News: USDCHF Tests Resistance
Posted by Mr. Danish FX on Mon, 08/25/2008 - 12:55am in
The USDCHF has found a nice trading range between the 38.2% Fibonacci level broken 8/8 and 1.1040, a resistance level going back to mid February 2008. This resistance was first tested 8/19 and a few times thereafter. Tonight's high has been 1.031 with the USD up across the board.
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