USD/CHF Technical Analysis 05.30.2013
USD/CHF Technical Analysis- Prices declined as expected after putting in a Bearish Engulfing candlestick pattern, with sellers testing below support at the 38.2% Fibonacci retracement (0.9596). A drop below that exposes the 50% level at 0.9522. Near-term resistance is at 0.9789, the May 29 high.
Daily Chart - Created Using FXCM Marketscope 2.0
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