Forex: USD/CHF Technical Analysis – 2-Month Down Trend Broken
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- Prices broke resistance at 0.8971 (38.2% Fib exp.), exposing 0.9024 (50% Fib exp.)
- A further push higher beyond that targets 0.9077 (61.8% Fibonacci expansion)
- Turning back below 0.8971 aims for 0.8934 (falling trend line)
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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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