USD/CHF Technical Analysis 02.20.2013
USD/CHF Technical Analysis- Prices broke above resistance at 0.9204, the 50% Fibonacci retracement, exposing the 61.8% level at 0.9248. A further push above that aims for the 76.4% Fib at 0.9301. The 0.9204 mark has been recast as near-term support, with a reversal back above that targeting a rising trend line at 0.9175 and the 23.6% retracement at 0.9108.
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.
