USD/CHF Technical Analysis- Prices are testing support at 0.9342, the 23.6% Fibonacci expansion. A break below that aims for rising trend line support at 0.9269. Falling trend line resistance is at 0.9452, with a break above that aiming for the April 24 high at 0.9498.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Finance Trading
- Basic Materials Industry