USD/CHF Technical Analysis- Prices are testing support-turned-resistance a rising trend line set from mid-December (0.9203), a barrier reinforced by the 50% Fibonacci retracement at 0.9204. A break above the latter level exposes the 61.8% level at 0.9248. Near-term support is at 0.9161, the 38.2% level, with a turn below that targeting 0.9108.
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
To be added to Ilya's e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
