DailyFX.com reported that USD/CHF may find support at .9430 and .9400. The chart, prepared by Jamie Saettele, CMT using Marketscope 2.0, shows a possible reversal after spiking above trendline resistance. The area is defended by the 2008 low at .9647.
USD/CHF has traded into median line support and former congestion at .9300-.9430. Resistance is seen at .9580 within the range, while support lies at .9400/30. If a new high is reached, the target level is .9750.
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