USD/CHF Technical Analysis 03.11.2013
USD/CHF Technical Analysis- Prices broke above resistance at 0.9496, the 50% Fibonacci retracement, exposing the 61.8% level at 0.9608. The 0.9496 level has been recast as support, with a reversal back beneath that aiming for the 38.2% Fib at 0.9384 and as well as a rising trend line at 0.9365.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.