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USDCHF Classic Technical Report 09.24.2012

Ilya Spivak

Prices are bouncing from support at a rising trend line set from late February, testing above the 14.6% Fibonacci retracement (0.9345) to challenge the 23.6% level at 0.9411. A break beyond the latter boundary exposes the 38.2% Fib at 0.9518. Trend line support is now at 0.9249

USDCHF_Classic_Technical_Report_09.24.2012_body_Picture_5.png, USDCHF Classic Technical Report 09.24.2012

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

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