USD/CHF Technical Analysis: Support Found Beneath 0.94
USD/CHF Technical Analysis– Prices are recovering from support at 0.9367, the 61.8% Fibonacci retracement. Near-term resistance is at 0.9440, the 50% level, with a break above thattargeting the 38.2% Fib at 0.9513. Alternatively, a reversal beneath support aims for the 76.4% retracement at 0.9276.
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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