USD/CHF Technical Analysis– Prices recovered from support at 0.9596, the 38.2% Fibonacci retracement, but overall positioning continues warn of weakness absent a close above the May 22 high at 0.9838. A drop below support exposes the 50% level at 0.9522.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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