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USD/CHF Technical Analysis 04.01.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices pulled back from resistance at 0.9558, marked by the 38.2% Fibonacci expansion and the underside of a formerly broken rising trend line. Near-term support is at 0.9479, the 23.6% expansion, with a drop beneath that eyeing a horizontal pivot level at 0.9382. Alternatively, a push above resistance targets the 50% level at 0.9623.

Forex_USDCHF_Technical_Analysis_04.01.2013_body_Picture_5.png, USD/CHF Technical Analysis 04.01.2013

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

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