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USD/CHF Technical Analysis: Resistance Seen Sub-0.93

Ilya Spivak

USD/CHF Technical Analysis- Prices found support at a rising trend line set from the February 2012 swing low and moved higher to test the 23.6% Fibonacci retracement at 0.9297. A break above that targets the 0.9400 figure, a barrier marked by the intersection of the 38.2% Fib. A further push above that eyes the 50% level at 0.9484. Trend line support is now at 0.9130.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Resistance Seen Sub-0.93

Daily Chart - Created Using FXCM Marketscope 2.0

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

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