USD/CHF Technical Analysis 05.01.2013

DailyFX

USD/CHF Technical Analysis- Prices pulled back as expected after putting in a Shooting Star candlestick. Sellers are now testing support at 0.9275, the 61.8% Fibonacci expansion, with a break below that exposing the 76.4% level at 0.9223. Near-term resistance is at 0.9318, the 50% Fib.

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Forex_USDCHF_Technical_Analysis_05.01.2013_body_Picture_5.png, USD/CHF Technical Analysis 05.01.2013

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

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