USDCHF Classic Technical Report 10.17.2012
Prices broke support at a rising trend line set from late February. Sellers are now probing below the September 14 low at 0.9238, with a confirmed break below that targeting the late April bottom at 0.9042. Trend line support-turned-resistance is now at 0.9306, with a break above that exposing 0.9420.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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