U.S. Markets closed

USD/CHF Technical Analysis: 6-Month Trend Support Broken

Ilya Spivak

USD/CHF Technical Analysis – Prices broke support at a rising trend line set from February, exposing the 38.2% Fibonacci expansion at 0.9189. A further push beneath that eyes the 50% level at 0.9127. Trend line support-turned-resistance is now at 0.9240, with a move back above that targeting the 23.6% Fib at 0.9265.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: 6-Month Trend Support Broken

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.