USD/CHF Technical Analysis– Prices are challenging support at 0.9480, the 38.2% Fibonacci retracement, with a break beneath that exposing the 50% level at 0.9396. Near-term resistance is at 0.9583, the 23.6% Fib, followed by the July 9 swing high at 0.9751.
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