USDCHF Classic Technical Report 10.11.2012
Prices are testing resistance at 0.9411, the 23.6%Fibonacci retracement, after breaking past a falling trend line set from the late-July swing high. A push above this barrier targets the 38.2% retracement at 0.9518. Support is marked by the 14.6% Fib at 0.9345. A push below that exposes rising trend line support at 0.9275.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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