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USDCHF Technical Analysis (12-16 January 2015) | January 10, 2015



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USDCHF has formed bearish engulfing on daily chart at the top. We see rejection from the top after NFP news released. It failed to break resistance and fall sharply. So it can down more and target will be 1.0010 area.

We draw fibo on recent upward momentum. We can look for buy from 50% and 61.8% fibo level. These levels are very important area for taking buy.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.0323

Resistance One (R1): 1.0231

Pivot Point: 1.0121

Support One (S1): 1.0029

Support Two (S2): 0.9919


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