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USDCHF Classic Technical Report 07.20.2012

USDCHF Classic Technical Report 07.20.2012

2012-07-20 04:22:00
Ilya Spivak, Head Strategist, APAC
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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.

USDCHF_Classic_Technical_Report_07.20.2012_body_Picture_5.png, USDCHF Classic Technical Report 07.20.2012

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

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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