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Forex Analysis: USD/CHF Classic Technical Report 12.31.2012

Forex Analysis: USD/CHF Classic Technical Report 12.31.2012

Ilya Spivak, Head Strategist, APAC

Prices are hovering above support at 0.9111, the 100% Fibonacci expansion. A break lower exposes a falling channel bottom at 0.9060 and the 123.6% Fib at 0.9047. Channel midline resistance is at 0.9134, with a reversal above that aiming for the 76.4% expansion at 0.9175.

Forex_Analysis_USDCHF_Classic_Technical_Report_12.31.2012_body_Picture_1.png, Forex Analysis: USD/CHF Classic Technical Report 12.31.2012

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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