USD/CHF Technical Analysis – Prices narrowly pierced support at a rising trend line set from February and the 38.2% Fibonacci expansion (0.9175), exposing the 50% level at 0.9107. Alternatively, a reversal back above the trend line (now at 0.9184) sees initial resistance at 0.9259, the 23.6% Fib.
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Finance Trading
- Basic Materials Industry
- Technical Analysis