USD/CHF – Bullish breakout of the declining trendline

USD/CHF has broken to the upside out of its short-term horizontal range. The declining trendline has been broken too. The next resistances are likely given by 0.9392 and 0.9458 (21/11/2012 high). An hourly support is at 0.9320 (intraday low). • The break of prior support at 0.9423 (18/06/2012…

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USD/CHF – Bullish breakout of the declining trendline

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