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USD/CHF Classical Technical Report 04.12

By Joel Kruger, Technical Strategist
12 April 2012 06:05 GMT
daily_classical_swiss_body_usd.png, USD/CHF Classical Technical Report 04.12

USD/CHF: Our core constructive outlook remains well intact with the latest setbacks very well supported by psychological barriers at 0.9000. It now looks as though the market could be looking to carve a fresh higher low, and we will be looking for additional upside back towards the recent range highs at 0.9335 over the coming sessions. Above 0.9335 should then accelerate gains towards the 2012 highs by 0.9600 further up. Ultimately, only back under 0.9000 delays and gives reason for pause.

--- Written by Joel Kruger, Technical Currency Strategist

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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12 April 2012 06:05 GMT