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USD/CHF Technical Analysis 04.30.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices pulled back as expected after putting in a Shooting Star candlestick. Sellers are now testing support at 0.9360, the 38.2% Fibonacci expansion, with a break below that exposing the 50% level at 0.9318. Near-term resistance is at 0.9413, the 23.6% Fib.

Forex_USDCHF_Technical_Analysis_04.30.2013_body_Picture_5.png, USD/CHF Technical Analysis 04.30.2013

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

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