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USDCHF Classic Technical Report 10.09.2012

USDCHF Classic Technical Report 10.09.2012

2012-10-09 10:17:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices are testing above resistance at 0.9345, the 14.6% Fibonacci retracement, after bouncing from a rising trend line set from late February. A break above this boundary initially targets the 23.6% Fib at 0.9411. Trend line support is now at 0.9271, with a push below that targeting the September 14 low at 0.9238.

USDCHF_Classic_Technical_Report_10.09.2012_body_Picture_5.png, USDCHF Classic Technical Report 10.09.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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