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USD/CHF Technical Analysis: Push Toward 0.92 Expected

Ilya Spivak

USD/CHF Technical Analysis – Prices are pulling back from resistance at 0.9313, a barrier marked by the 61.8% Fibonacci expansion and reinforced by a falling trend line set from mid-July. Near-term support is at 0.9209, the 76.4% level. Alternatively, a reversal above resistance initially targets the 50% expansion at 0.9396.

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dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Push Toward 0.92 Expected

Daily Chart - Created Using FXCM Marketscope 2.0

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

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