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  1. USD/CHF Technical Analysis - Technical Strategy: Flat

    by , 01-09-2015 at 09:28 AM
    • USD/CHF Technical Strategy: Flat
    • Support: 1.0118, 1.0010, 0.9902
    • Resistance: 1.0185, 1.0239, 1.0293

    The US Dollar continues to push higher against the Swiss Franc, with buyers extending the advance for a fifth consecutive day. Near-term resistance is at 1.0185, the 138.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 150% level at 1.0239. Alternatively, a reversal below the 123.6% Fib at 1.0118 clears the way for a challenge of the 100% expansion ...