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Forex Analysis: USDCHF Classic Technical Report 11.06.2012

Ilya Spivak

Prices followed a break of falling trend line resistance set from the July swing high with a push through a range top at 0.9420. Buyers now aim to challenge the 38.2% Fibonacci retracement at 0.9503. Trend line resistance-turned-support is now at 0.9248.

Forex_Analysis_USDCHF_Classic_Technical_Report_11.06.2012_body_Picture_5.png, Forex Analysis: USDCHF Classic Technical Report 11.06.2012

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

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