USD/CHF Technical Analysis– Prices are challenging support at 0.9480, the 38.2% Fibonacci retracement, with a break beneath that exposing the 50% level at 0.9396. Near-term resistance is at 0.9583, the 23.6% Fib, followed by the July 9 swing high at 0.9751.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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