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USD/CHF Technical Analysis 02.04.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices are testing support at 0.9060, the 76.4% Fibonacci retracement. A break below this boundary exposes the 90.00 figure and the 100% level at 0.8959. Near-term resistance is at 0.9123, the 61.8% Fib, with a turn back above that eyeing trend line support-turned-resistance at 0.9157 and the 50% expansion at 0.9173.

Forex_USDCHF_Technical_Analysis_02.04.2013_body_Picture_1.png, USD/CHF Technical Analysis 02.04.2013

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

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