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Forex Analysis: USD/CHF Classic Technical Report 12.18.2012

Ilya Spivak

Prices broke support in the 0.9213-38 region to challenge the bottom f a falling channel set from the November 13 high at 0.9333. This barrier is reinforced by the 50% Fibonacci expansion at 0.9133. A break below the latter level targets the 61.8% level at 0.9044. The 0.9213-38 area has been recast as resistance, with a push back above that targeting the channel top at 0.9334.

Forex_Analysis_USDCHF_Classic_Technical_Report_12.18.2012_body_Picture_1.png, Forex Analysis: USD/CHF Classic Technical Report 12.18.2012

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

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