USDCHF Classic Technical Report 07.20.2012
Prices continue to hover above support at 0.9735, the June 1 closing high, with a break lower initially exposing 0.9678. Near-term trend line resistance is now at 0.9806, with a breach above that exposing the July 13 high at 0.9872.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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