USD/CHF Technical Analysis 05.10.2013

Ilya Spivak

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.


Forex_USDCHF_Technical_Analysis_05.10.2013_body_Picture_5.png, USD/CHF Technical Analysis 05.10.2013
Forex_USDCHF_Technical_Analysis_05.10.2013_body_Picture_5.png, USD/CHF Technical Analysis 05.10.2013

Daily Chart - Created Using FXCM Marketscope 2.0




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


To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak


To be added to Ilya's e-mail distribution list, please CLICK HERE


New to FX? Watch this Video. For live market updates, visit the Real Time News Feed




DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.