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Forex Analysis: USD/CHF Classic Technical Report 11.15.2012

Forex Analysis: USD/CHF Classic Technical Report 11.15.2012

Ilya Spivak, Head Strategist, APAC

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.

Forex_Analysis_USDCHF_Classic_Technical_Report_11.15.2012_body_Picture_5.png, Forex Analysis: USD/CHF Classic Technical Report 11.15.2012

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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