USDCHF Classic Technical Report 09.24.2012
Prices are bouncing from support at a rising trend line set from late February, testing above the 14.6% Fibonacci retracement (0.9345) to challenge the 23.6% level at 0.9411. A break beyond the latter boundary exposes the 38.2% Fib at 0.9518. Trend line support is now at 0.9249
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. 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 email@example.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.