Forex Analysis: USD/CHF Classic Technical Report 01.11.2013

DailyFX

Prices are testing below support at 0.9138, the 38.2% Fibonacci retracement. A break below this boundary on a daily closing basis initially exposes the 50% level at 0.9088. Near-term resistance is at 0.9201, marked by the 23.6% Fib, with a reversal back above that eyeing a falling trend line now at 0.9250.

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Forex_Analysis_USDCHF_Classic_Technical_Report_01.11.2013_body_Picture_1.png, Forex Analysis: USD/CHF Classic Technical Report 01.11.2013

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

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