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USDCHF Classic Technical Report 09.19.2012

Ilya Spivak

Prices are testing support at a rising trend line set from late February (0.9264), with a break lower targeting the 76.4% Fibonacci retracement at 0.9176. Interim resistance is at 0.9328, the 61.8% Fib, with a push above that aiming to challenge 0.9417 and 0.9451.

USDCHF_Classic_Technical_Report_09.19.2012_body_Picture_5.png, USDCHF Classic Technical Report 09.19.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

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