USD/CHF Technical Analysis– Prices are testing support at 0.9342, the 23.6% Fibonacci expansion. A break below that aims for rising trend line support at 0.9269. Falling trend line resistance is at 0.9452, with a break above that aiming for the April 24 high at 0.9498.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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