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USD/CHF Classic Technical Report 07.06.2012

USD/CHF Classic Technical Report 07.06.2012

2012-07-06 05:42:00
Ilya Spivak, Head Strategist, APAC
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Prices are testing resistance near 0.9720, the 100% Fibonacci retracement level. A break above this boundary exposes the June 1 high at 0.9771. Near-term support lines up at 0.9659, the 76.4% Fib. A breach below this level targets the 61.8% level at 0.9622.

USDCHF_Classic_Technical_Report_07.06.2012_body_Picture_5.png, USD/CHF Classic Technical Report 07.06.2012

8hr Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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