{"id":11830,"date":"2010-08-06T21:32:08","date_gmt":"2010-08-07T01:32:08","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11830"},"modified":"2010-08-06T21:32:08","modified_gmt":"2010-08-07T01:32:08","slug":"usdchfs-downward-movement-extended-to-1-0331","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/06\/usdchfs-downward-movement-extended-to-1-0331\/","title":{"rendered":"USDCHF&#8217;s downward movement extended to 1.0331"},"content":{"rendered":"<p>USDCHF&#8217;s downward movement extended further to as low as 1.0331 level. However, the pair had lost momentum, move sideways in a range between 1.0250 and 1.0550 would more likely be seen in a couple of weeks. Key resistance is at 1.0675, a break above this level will indicate that a cycle bottom has been formed on daily chart and the fall from 1.1730 is complete, then the following upward movement could bring price to 1.1200-1.1300 area.<\/p>\n<p>For long term analysis, USDCHF formed a cycle top at 1.1730 level on weekly chart. Further fall to 1.0200 to reach next cycle bottom on weekly chart is expected in a couple of weeks.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexcycle.com\/archive2010\/20100807_usdchf_1.gif\" alt=\"usdchf\" width=\"400\" height=\"300\" \/><\/p>\n<p><a href=\"http:\/\/www.forexcycle.com\/\" target=\"_blank\">Weekly Forex Analysis<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDCHF&#8217;s downward movement extended further to as low as 1.0331 level. However, the pair had lost momentum, move sideways in a range between 1.0250 and 1.0550 would more likely be seen in a couple of weeks. Key resistance is at 1.0675, a break above this level will indicate that a cycle bottom has been formed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/06\/usdchfs-downward-movement-extended-to-1-0331\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USDCHF&#8217;s downward movement extended to 1.0331&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11830","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11830"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11830\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}