11/01/2015 FXTechstrategy Forex Technical Strategy FXTechstrategy Forex Technical Strategy Commodity Technical Research Trades Above Key Support With Eyes On The /56 Zone Gives You A Trading Decision Edge Sunday 01 Nov’15 Highlights:

F 11/01/2015 FXTechstrategy Forex Technical Strategy USDCHF Trades Above Key Support With Eyes On The /56 Zone USDCHF: USDCHF closed higher returning above the level the past week. This development has opened the door for more strength in the new week. This if seen will target its overhead resistance located at the /56 region. A cut through that zone will clear the way for more bull pressure to build up towards the level. Further out, resistance comes in at the level. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, support lies at the level. A turn below here will open the door for more weakness towards the level and then the level. Further down, support resides at the level followed by the level. All in all, USDCHF trades above key support and remains biased to the upside in the medium term. USDCAD

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