USD/CHF Technical Analysis 02.05.2013
USD/CHF Technical Analysis- Prices are testing support at 0.9060, the 76.4% Fibonacci retracement. A break below this boundary exposes the 90.00 figure and the 100% level at 0.8959. Near-term resistance is at 0.9123, the 61.8% Fib, with a turn back above that eyeing trend line support-turned-resistance at 0.9157 and the 50% expansion at 0.9173.
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
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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
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