USD/CHF Technical Analysis 03.15.2013
USD/CHF Technical Analysis- Prices are testing below support at 0.9437, the 23.6% Fibonacci retracement, after putting in a bearish Dark Cloud Cover candlestick pattern.Negative RSI divergence reinforces the case for a downside scenario. A break below support initially exposes the 38.2% Fib at 0.9358. Near-term resistance is at 0.9566, the March 14 high.
Daily Chart - Created Using FXCM Marketscope 2.0
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