USDCHF Classic Technical Report 07.26.2012
Prices pulled back from resistance at 0.9976, the 76.4%Fibonacci expansion reinforced by the psychologically significant parity figure, to retest the 61.8% level at 0.9871. A break below this barrier exposes the 0.9752-84 area marked by a formerly broken horizontal resistance barrier and the 50% expansion. Alternatively, a push beyond resistance aims for the 100% expansion at 1.0148.
Daily Chart - Created Using FXCM Marketscope 2.0
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