USDCHF Classic Technical Report 08.16.2012
Prices are approaching resistance at the top of a falling channel set from the July 24 high, now at 0.9796, with a break higher exposing the 0.9872-98 area marked by the July 13 and August 2 swing highs. Near-term support is at 0.9735, with a push below that targeting 0.9650.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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