USD/CHF Technical Analysis– Prices broke above pivot resistance at 0.9384, exposing a falling trend line at 0.9476. A further push above that aims for the April 24 high at 0.9498. Alternatively, a reversal back below 0.9384 aims for a rising trend line set from early February at 0.9265.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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