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Forex Analysis: USD/CHF Classic Technical Report 01.03.2013

Forex Analysis: USD/CHF Classic Technical Report 01.03.2013

2013-01-03 11:44:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices are testing resistance in the 0.9184-0.9203 area marked by the 23.6% Fibonacci retracement and the top of a falling channel set from mid-November. A break higher exposes the 38.2% level at 0.9247. Near-term supports line up at 0.9115 (the channel midline) and 0.9083 (the December 20 low).

Forex_Analysis_USDCHF_Classic_Technical_Report_01.03.2013_body_Picture_1.png, Forex Analysis: USD/CHF Classic Technical Report 01.03.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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