USD/CHF Technical Analysis– Prices are testing resistance at 0.9753, the 76.4% Fibonacci expansion, with a break above that exposing the May 22 high at 0.9838. Near-term support is at 0.9634, the 61.8% Fib. A turn beneath that aims for the 50% expansion at 0.9538.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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