USD/CHF Technical Analysis 02.15.2013

USD/CHF Technical Analysis- Prices broke above resistance at 0.9204, the 50% Fibonacci retracement, exposing the 61.8% level at 0.9248. A further push above that aims for the 76.4% Fib at 0.9301. The 0.9204 mark has been recast as near-term support, with a reversal back above that targeting the 23.6% retracement at 0.9108.

Daily Chart - Created Using FXCM Marketscope 2.0

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

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