USD/CHF Technical Analysis 03.13.2013

DailyFX

USD/CHF Technical Analysis- Prices slipped back below the 50% Fibonacci retracement at 0.9496, with negative RSI divergence warning a pullback may be ahead. Near-term support is at 0.9426, with a break below that targeting 0.9349. Alternatively, a push back above 0.9496 eyes the March 8 high at 0.9551 and the 61.8% retracement at 0.9608.

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Forex_USDCHF_Technical_Analysis_03.13.2013_body_Picture_5.png, USD/CHF Technical Analysis 03.13.2013

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

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