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USDCHF Classic Technical Report 10.19.2012

USDCHF Classic Technical Report 10.19.2012

Ilya Spivak, Head Strategist, APAC

Prices broke support at a rising trend line set from late February and continued lower to take out the September 14 closing bottom at 0.9271. Sellers now aim to challenge the late April trough at 0.9042. The 0.9271 level has been recast as resistance, with a reversal back above that aiming for trend line support-turned-resistance at 0.9312.

USDCHF_Classic_Technical_Report_10.19.2012_body_Picture_5.png, USDCHF Classic Technical Report 10.19.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

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