USD/CHF Technical Analysis– Prices are testing pivot resistance at 0.9379, with a break higher targeting a falling trend line at 0.9480. Support is in the 0.9246-58 area, marked by the May 1 low and a rising trend line set from early February. A push beneath that initially 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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