USD/CHF Technical Analysis 03.08.2013
USD/CHF Technical Analysis- Prices put in a bearish Dark Cloud Cover candlestick below the 0.95 figure, hinting a move lower is ahead. Initial support is at 0.9378, the 23.6% Fibonacci retracement, a barrier reinforced by a rising trend line set from the February 1 low. A break below that targets the 38.2% level at 0.9310. Near-term resistance is at 0.9488, the March 7 high.
Daily Chart - Created Using FXCM Marketscope 2.0
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