Forex: USD/CHF Technical Analysis – Support Found Below 0.89
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- Prices are testing above 0.8933 (50% Fib); a break higher targets 0.8933 (50% Fib)
- Near-term support is at 0.8876 (61.8% Fib); push lower targets 0.8805 (76.4% Fib)
- Falling Wedge chart pattern hints at bullish reversal, but confirmation lacking for now
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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