USD/CHF Technical Analysis– Prices are testing resistance at 0.9542, the 61.8% Fibonacci expansion. A break above that aims for the 76.4% level at 0.9622. Near-term support is at 0.9478, the 50% Fib, with a reversal beneath that targeting a formerly broken falling trend line at 0.9449.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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