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Sep 03

TECHNICAL ANALYSIS BY NSFX 03.09.2013

By:admin

High:  Low: 

Since late July, USD/CHF has seen no follow-through above the 200-day SMA, but should current price action favor further upside, fourth time could be the lucky one. Currently, the pair is testing the 61.8% Fibo retracement in the wave from June low to July highs at 0.9366 and above this, resistance is seen at the 100-day SMA at 0.9398 before 0.9440. Downside, the 200-day SMA is nearest support before 0.9310 and then 0.9275.

R3
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R1
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S3