USD/CHF Technical Analysis- Prices slipped back below the 50% Fibonacci retracement at 0.9496, with negative RSI divergence warning a pullback may be ahead. Near-term support is at 0.9426, with a break below that targeting 0.9349. Alternatively, a push back above 0.9496 eyes the March 8 high at 0.9551 and the 61.8% retracement at 0.9608.
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
