USD/CHF Technical Analysis 05.13.2013

DailyFX

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.

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Forex_USDCHF_Technical_Analysis_05.10.2013_body_Picture_5.png, USD/CHF Technical Analysis 05.13.2013

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

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