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USD/CHF Technical Analysis 05.07.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices are testing pivot resistance at 0.9384, with a break higher targeting a falling trend line at 0.9478. Support is in the 0.9246-62 area, marked by the May 1 low and a rising trend line set from early February. A push beneath that initially aims for the April 17 low at 0.9205.

Forex_USDCHF_Technical_Analysis_05.07.2013_body_Picture_5.png, USD/CHF Technical Analysis 05.07.2013

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

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