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USD/CHF Technical Analysis 05.10.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices are testing resistance at 0.9542, the 61.8% Fibonacci expansion. A break above that aims for the 76.4% level at 0.9622. Near-term support is at 0.9478, the 50% Fib, with a reversal beneath that targeting a formerly broken falling trend line at 0.9449.

Forex_USDCHF_Technical_Analysis_05.10.2013_body_Picture_5.png, USD/CHF Technical Analysis 05.10.2013

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

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