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Forex Analysis: USD/CHF Classic Technical Report 01.04.2013

Ilya Spivak

Prices broke resistance at 0.9247, the 38.2%Fibonacci retracement. The bulls now aim to challenge the 50% level at 0.9297, with a push beyond that targeting the 61.8% Fib at 0.9348. The 0.9247 mark has been recast as near-term support. A reversal back below that eyes the 23.6% retracement at 0.9184.

Forex_Analysis_USDCHF_Classic_Technical_Report_01.04.2013_body_Picture_1.png, Forex Analysis: USD/CHF Classic Technical Report 01.04.2013

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

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