Wednesday, April 15, 2009

GBPCHF continues its March


GBPCHF continues its upward march. As pointed out yesterday, we broke important resistances and as can be seen from the attached chart, we have strong support now at around 1.7150. The fact that there has been high volume when price moved into this support area shows that there is good buying there. We should see some more upside in this. A move towards 1.73 is feasible.

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