Mon, Mar 24 2008, 00:37 GMT
by Franco Shao
USDCHF is in up trend. The pullback from 1.0166 is treated as consolidation to the up trend. Further rise to test 1.0352 level is still possible in the next several days, and a break of 1.0166 level will confirm such case. Near term support is at the rising price channel now at 1.0020, as long as the channel support holds, we'd expect up trend to continue.
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