U.S. Markets open in 5 hrs 43 mins

USD/CHF Technical Analysis 03.11.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices broke above resistance at 0.9496, the 50% Fibonacci retracement, exposing the 61.8% level at 0.9608. The 0.9496 level has been recast as support, with a reversal back beneath that aiming for the 38.2% Fib at 0.9384 and as well as a rising trend line at 0.9365.

Forex_USDCHF_Technical_Analysis_03.11.2013_body_Picture_5.png, USD/CHF Technical Analysis 03.11.2013

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.