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USD/CHF Technical Analysis 03.07.2013

USD/CHF Technical Analysis 03.07.2013

2013-03-07 14:01:00
Ilya Spivak, Head Strategist, APAC
Share:

USD/CHF Technical Analysis- Prices broke resistance at 0.9475, the 61.8% Fibonacci expansion, exposing the 76.4% mark at 0.9521. Continued gains above that aim for the 100% level at 0.9596. The 0.9475 has been recast as near-term support, with a drop back below that eyeing the 50% Fib at 0.9437.

Forex_USDCHF_Technical_Analysis_03.07.2013_body_Picture_3.png, USD/CHF Technical Analysis 03.07.2013

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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