Forex Analysis: USD/CHF Classic Technical Report 01.30.2013

Prices are testing rising trend line support at 0.9143, with a confirmed break below that on a daily closing basis targeting the December 20 low at 0.9083. Near-term resistance is at 0.9199, the 61.8% Fibonacci retracement.

Daily Chart - Created Using FXCM Marketscope 2.0

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

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