USD/CHF Technical Analysis- Prices are testing resistance at 0.9542, the 61.8% Fibonacci expansion. A break above that aims for the 76.4% level at 0.9622. Near-term support is at 0.9478, the 50% Fib, with a reversal beneath that targeting a formerly broken falling trend line at 0.9449.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Basic Materials Industry
- Finance Trading