USD/CHF Classic Technical Report 07.03.2012
Prices broke above the 23.6% Fibonacci expansion at 0.9523 to challenge the 38.2% level at 0.9561. A break above this boundary exposes the 50% Fib at 0.9591. The 0.9523 mark has been recast as near-term support.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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