USD/CHF Technical Analysis 04.29.2013


USD/CHF Technical Analysis- Prices pulled back as expected after putting in a Shooting Star candlestick below resistance at 0.9478, the 50% Fibonacci expansion. Sellers are now testing support at 0.9414, the 38.2% Fib, with a move beneath that exposing the 23.6% expansion at 0.9334. Alternatively, a reversal above resistance aims for the 61.8% level at 0.9542.

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Forex_USDCHF_Technical_Analysis_04.29.2013_body_Picture_5.png, USD/CHF Technical Analysis 04.29.2013

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