U.S. Markets close in 4 hrs 31 mins

USD/CHF Technical Analysis 04.23.2013

Ilya Spivak

USD/CHF Technical Analysis- Prices are pushing higher as expected after putting in a Bullish Engulfing candlestick pattern above the 0.92 figure. Buyers are aiming to challenge resistance at 0.9414, the 38.2% Fibonacci expansion. A break above that aims for the 50% level at 0.9478. Near-term support is at 0.9334, the 23.6% Fib.


Forex_USDCHF_Technical_Analysis_04.23.2013_body_Picture_5.png, USD/CHF Technical Analysis 04.23.2013

Daily Chart - Created Using FXCM Marketscope 2.0



Want to back-test your technical trading strategy? Download the historical data here.




--- 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.