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  1. Price Pattern Analysis for USD/CHF

    by , 12-17-2014 at 10:37 PM
    Talking Points:

    • USD/CHF Technical Strategy: Flat
    • Support: 0.9554, 0.9391, 0.9259
    • Resistance:0.9654, 0.9723, 0.9817

    The US Dollar turned lower against the Swiss Franc as expected having found resistance near the 0.9800 figure. Near-term support is at 0.9554, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 38.2% level at 0.9391. Alternatively, a turn above the 14.6% Fib at 0.9654 opens the door for a challenge of wedge ...