U.S. Markets closed

Forex Analysis: USD/CHF Classic Technical Report 01.07.2013

Ilya Spivak

Prices broke resistance at 0.9212, the 14.6% Fibonacci retracement, to challenge the 23.6% level at 0.9292. A further push above this barrier aims for the 38.2% Fib at 0.9422. Alternatively, a reversal back below 0.9212 aims for channel top resistance-turned-support now at 0.9190.

Forex_Analysis_USDCHF_Classic_Technical_Report_01.07.2013_body_Picture_1.png, Forex Analysis: USD/CHF Classic Technical Report 01.07.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. 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.