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USD/CHF Technical Analysis 03.11.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices broke above resistance at 0.9496, the 50% Fibonacci retracement, exposing the 61.8% level at 0.9608. The 0.9496 level has been recast as support, with a reversal back beneath that aiming for the 38.2% Fib at 0.9384 and as well as a rising trend line at 0.9365.


Forex_USDCHF_Technical_Analysis_03.11.2013_body_Picture_5.png, USD/CHF Technical Analysis 03.11.2013

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


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