Forex: USD/CHF Technical Analysis – Key Resistance Below 0.92

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Talking Points

  • Prices rose as expected after showing a Doji candlestick
  • Resistance is now in the 0.9172-90 area (Wedge top, trend line from Feb’12, 50% Fib)
  • Break higher targets 0.9239 (61.8% Fib); support is at 0.9105 (38.2% Fib)

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dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Key Resistance Below 0.92

Daily Chart - Created Using FXCM Marketscope 2.0

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

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