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USD/CHF Technical Analysis 02.01.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices are testing below support at 0.9083, the December 20 low. A confirmed break lower on a daily closing basis targets the 123.6% Fibonacci extension at 0.9016. Trend line support-turned-resistance is at 0.9148, with a push back above that aiming for the 61.8% Fib at 0.9202.

Forex_USDCHF_Technical_Analysis_02.01.2013_body_Picture_1.png, USD/CHF Technical Analysis 02.01.2013

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

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