USD/CHF Classic Technical Report 07.04.2012
Prices are consolidating above the 23.6% Fibonacci expansion at 0.9523, with the downside capped by the 38.2% level at 0.9561. A break above this boundary exposes the 50% Fib at 0.9591. Alternatively, a push through support targets rising trend line resistance set from the June 17 swing low, now at 0.9473.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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