USDCHF moved sideways without trend
byon August 25th, 2011 at 10:19 PM (6550 Views)
USDCHF moved sideways without trend in a range between 0.7769 and 0.8014. Lengthier consolidation in the range is still possible in a couple of days. Key support is at 0.7769, as long as this level holds, one more rise to 0.8200 could be expected. However, a breakdown below 0.7769 will indicate that the uptrend from 0.7067 has completed at 0.8014 already, then the following downward move could bring price back to 0.7500 area.
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