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Forex Analysis: USD/CHF Classic Technical Report 01.08.2013

Forex Analysis: USD/CHF Classic Technical Report 01.08.2013

2013-01-08 09:25:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices pulled back from resistance at 0.9292, the 23.6%Fibonacci retracement, to retest the 14.6%level at 0.9212. A break below that aims for channel top resistance-turned-support now at 0.9175. Alternatively, a move higher through 0.9292 exposes the 38.2% Fib at 0.9422.

Forex_Analysis_USDCHF_Classic_Technical_Report_01.08.2013_body_Picture_1.png, Forex Analysis: USD/CHF Classic Technical Report 01.08.2013

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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