USD/CHF Technical Analysis 02.06.2013

USD/CHF Technical Analysis- Prices continue to hover above 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. A turn back above that eyes a formerly broken trend line at 0.9154 and the 50% expansion at 0.9173.

Daily Chart - Created Using FXCM Marketscope 2.0

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

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