Tuesday, January 4, 2011

Currencies Monthly Chart (AUDUSD, USDCHF)

Here are monthly charts of currencies:

USDCHF: The USD has been taking a beating against CHF since 1976. Further, in the month of Dec 2010, USD further broke down from parity level of 1, and is now headed lower. Based on traditional triangle breakdown, I reckon that USD can further depreciate to ~0.826. This is important, since generally USD decline is associated by stock rallies. So lets see how things pan out.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

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