Forex Analysis: USD/CHF Classic Technical Report 12.27.2012

DailyFX

Prices are testing below support at 0.9111, the 100% Fibonacci expansion. A break lower exposes a falling channel bottom at 0.9069 and the 123.6% Fib at 0.9047. Channel midline resistance is at 0.9151, with a reversal above that aiming for the 76.4% expansion at 0.9175.

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Forex_Analysis_USDCHF_Classic_Technical_Report_12.27.2012_body_Picture_1.png, Forex Analysis: USD/CHF Classic Technical Report 12.27.2012

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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