Forex Analysis: USDCHF Classic Technical Report 11.07.2012

Prices are testing resistance at 0.9450, with a break higher exposes the 38.2% Fibonacci retracement at 0.9503. Initial trend line support lines up at 0.9365. A push below that exposes the 0.9213-38 area.

Daily Chart - Created Using FXCM Marketscope 2.0

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

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