USD/CHF Breaking Through 76.4% Resistance
15 December 2011
WEEKLY CHART:
The recovery has now breached a channel top resistance, with immediate focus now on the 0.9674 Mar-08 low as next interesting resistance.
Beyond here the 0.9955 61.8% recovery level and higher rising return line are the next technical levels of note.
DAILY CHART:
Following the relatively modest Oct pullback the bull move has continued, now violating the 76.4% level of the Dec-10/Aug downleg.
This initially turns focus on a Fibo projection at 0.9724. Interest is as much in the longer term charts at present.
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