USD/CHF Technical Analysis: Buyers Set Sights on May Top

DailyFX

USD/CHF Technical Analysis- Prices are testing resistance at 0.9753, the 76.4% Fibonacci expansion, with a break above that exposing the May 22 high at 0.9838. Near-term support is at 0.9634, the 61.8% Fib. A turn beneath that aims for the 50% expansion at 0.9538.

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dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Buyers Set Sights on May Top

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

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