USD/CHF Technical Analysis: Break Higher Fails to Impress


USD/CHF Technical Analysis – A lackluster break higher failed to produce follow-through as we suspected, with prices reversing lower toward support at 0.9367 marked by the 61.8% Fibonacci retracement. A break below this targets the 76.4% level at 0.9276. Alternatively, a reversal back above the 50% Fib at 0.9440 eyes the 38.2% retracement at 0.9513.

Confirm your chart-based trade setups with the Technical Analyzer.

View photo

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Break Higher Fails to Impress

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)