USD/CHF Technical Analysis 04.03.2013

DailyFX

USD/CHF Technical Analysis- Prices pulled back after putting in a Dark Cloud Cover candlestick pattern below resistance at a formerly broken rising trend line. Near-term support is at 0.9437, the 23.6% Fibonacci retracement, with a break below that exposing the 0.9358-82 area marked by the 38.2% level and a horizontal pivot. Resistance is at 0.9566, the March 14 high.

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Forex_USDCHF_Technical_Analysis_04.03.2013_body_Picture_5.png, USD/CHF Technical Analysis 04.03.2013

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

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