USD/CHF Technical Analysis – Prices are pulling back from resistance at 0.9313, a barrier marked by the 61.8% Fibonacci expansion and reinforced by a falling trend line set from mid-July. Near-term support is at 0.9209, the 76.4% level. Alternatively, a reversal above resistance initially targets the 50% expansion at 0.9396.
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Finance Trading
- Basic Materials Industry
- Technical Analysis