News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USDCHF Classic Technical Report 08.22.2012

USDCHF Classic Technical Report 08.22.2012

Ilya Spivak, Head Strategist, APAC

Prices broke support in the 0.9650-0.9709 area, with sellers now aiming to challenge a rising trend line set from late May (0.9587). A push below this barrier targets the bottom of a falling channel set from the July 24 high, now at 0.9546. Alternatively, a move back above 0.9709 aims for the channel top (0.9755).

USDCHF_Classic_Technical_Report_08.22.2012_body_Picture_5.png, USDCHF Classic Technical Report 08.22.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.