USD/CHF Technical Analysis 03.27.2013

DailyFX

USD/CHF Technical Analysis- Prices are pushing higher to test resistance in the 0.9558-73 area, marked by the 38.2% Fibonacci expansion and the underside of a formerly broken rising trend line. A push above that targets the 50% level at 0.9622. Near-term support is at 0.9479, the 23.6% expansion, with a reversal back beneath that eyeing 0.9382.

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Forex_USDCHF_Technical_Analysis_03.27.2013_body_Picture_5.png, USD/CHF Technical Analysis 03.27.2013

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

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