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Technical Analysis for CHF

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Re: Technical Analysis for CHF

Post by olixlite on Mon Jul 28, 2014 11:31 pm

Here is more latest happening on this pair: The US Dollar paused to digest recent gains against the Swiss Franc after pushing to the highest level in nearly six months. Buyers are testing resistance at 0.9061, the 61.8% Fibonacci expansion. A daily close above that exposes the 76.4% level at 0.9110. Alternatively, a reversal below the 50% Fib at 0.9022 clears the way for a challenge of the 38.2% expansion at 0.8983.

Going by the above, I think it would be reasonable to conclude that the available trading range is too narrow to justify a trade.

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