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USD/CHF Technical Analysis 02.28.2013

USD/CHF Technical Analysis 02.28.2013

2013-02-28 12:53:00
Ilya Spivak, Head Strategist, APAC
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USD/CHF Technical Analysis- Prices are testing resistance at 0.9324, the 61.8% Fibonacci retracement. This barrier is reinforced by the top a falling channel set from mid-November. A break higher exposes the 76.4% level at 0.9396. Near-term support is at 0.9266, the 50% Fib, with a reversal below that exposing the 38.2% retracement at 0.9209.

Forex_USDCHF_Technical_Analysis_02.28.2013_body_Picture_5.png, USD/CHF Technical Analysis 02.28.2013

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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