Tanalys

USD/CHF Technical Analysis 05.03.2013

USD/CHF Technical Analysis– Prices are approaching pivot resistance at 0.9379, with a break higher targeting a falling trend line at 0.9484. Support is in the 0.9246-55 area. A push beneath that aims for the April 17 low at 0.9205.

Daily Chart – Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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