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Forex Trading News: USDCHF Breaks Resistance

Posted by Mr. Danish FX on Tue, 08/26/2008 - 3:34am in

USDCHF

Following the UBS published CHF Consumption Indicator and a strong USD move thereafter, the USDCHF has finally broke the key 1.1040 level. This level has been tested for days as the pair has traded between this resistance and the 38.2% Fibonacci level. The USDCHF is currently trading at a high since mid-February.

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