USD/CHF Technical Analysis: Franc Back on the Defensive

DailyFX

USD/CHF Technical Analysis – Prices are bouncing from support at a rising trend line set from February. Initial resistance is at 0.9309, the 23.6% Fibonacci retracement, with a break above that targeting the 38.2% level at 0.9394. Trend line support is now at 0.9181.

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dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Franc Back on the Defensive

Daily Chart - Created Using FXCM Marketscope 2.0

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

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