USD/CHF Technical Analysis 05.01.2013


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.

View photo

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

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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.

View Comments (0)