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USD/CHF Technical Analysis: 0.94 Figure in the Cross-Hairs

Ilya Spivak

USD/CHF Technical Analysis- Prices found support at a rising trend line set from the February 2012 swing low and moved higher, taking out the 23.6% Fibonacci retracement at 0.9297. The bulls now aim to challenge the 0.9400 figure, with a push beyond that eyeing the 50% level at 0.9484. The 0.9297 mark has been recast as near-term support.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: 0.94 Figure in the Cross-Hairs

Daily Chart - Created Using FXCM Marketscope 2.0

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

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