USD/CHF Technical Analysis- Prices broke above resistance at 0.9542, the 61.8% Fibonacci expansion, exposing the 76.4% level at 0.9622. A further push above that eyes the 100% Fib at 0.9750. The 0.9542 level has been recast as near-term support, with a drop back beneath that eyeing the 50% expansion at 0.9478.
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