Forex Analysis: USD/CHF Classic Technical Report 11.15.2012
Prices are dipping back below 0.9450, with a confirmed break lower targeting falling trend line resistance-turned-support at 0.9346. Near-term resistance is at 0.9503, the 38.2% Fibonacci retracement, with a push above that exposing the 50% level at 0.9592.
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, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.