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USD/CHF Technical Analysis 03.14.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices are testing the 50% Fibonacci expansion at 0.9541, with a break higher targeting the 61.8% level at 0.9664.Negative RSI divergence warns of a pullback ahead, however. Initial rising trend line support is at 0.9434, with a drop below that eyeing the 38.2% Fib at 0.9418.

Forex_USDCHF_Technical_Analysis_03.14.2013_body_Picture_5.png, USD/CHF Technical Analysis 03.14.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

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