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USD/CHF Technical Analysis 05.14.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices broke above resistance at 0.9539, the 100% Fibonacci expansion, exposing the 123.6% level at 0.9608. A further push above that eyes the 138.2% Fib at 0.9651. The 0.9539 level has been recast as near-term support, with a drop back beneath that eyeing the 76.4% expansion at 0.9470.

Forex_USDCHF_Technical_Analysis_05.14.2013_body_Picture_5.png, USD/CHF Technical Analysis 05.14.2013

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

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