USD/CHF Technical Analysis– Prices are challenging support at 0.9440, the 50% Fibonacci retracement, with a break beneath that exposing the 61.8% level at 0.9367. Near-term resistance is at 0.9513, the 38.2% Fib, followed by the 23.6% retracement at 0.9604.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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