Daily Market Review for the 03.03.2011

USD/CHF

As can be seen on the daily graph the pair got to the supporting level of 127.2 on the Fibonacci retracement-0.9205, due to the fact that the latest down trend was not yet retraced to 38.2 level, as can be seen by the current level (0.9205-0.9170) upwards or from the next supporting area-0.9000-0.9050.

As can be seen by the graph bellow:

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