Forex Analysis: USDCHF Classic Technical Report 11.06.2012
Prices followed a break of falling trend line resistance set from the July swing high with a push through a range top at 0.9420. Buyers now aim to challenge the 38.2% Fibonacci retracement at 0.9503. Trend line resistance-turned-support is now at 0.9248.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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