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USD/CHF Technical Analysis: Support Found Beneath 0.94

USD/CHF Technical Analysis: Support Found Beneath 0.94

Ilya Spivak, Head Strategist, APAC

USD/CHF Technical Analysis– Prices are recovering from support at 0.9367, the 61.8% Fibonacci retracement. Near-term resistance is at 0.9440, the 50% level, with a break above thattargeting the 38.2% Fib at 0.9513. Alternatively, a reversal beneath support aims for the 76.4% retracement at 0.9276.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Support Found Beneath 0.94

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.