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USD/CHF Technical Analysis 03.29.2013

USD/CHF Technical Analysis 03.29.2013

2013-03-29 07:51:00
Ilya Spivak, Head Strategist, APAC
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USD/CHF Technical Analysis- Prices pulled back from resistance at 0.9558, marked by the 38.2% Fibonacci expansion and the underside of a formerly broken rising trend line. Near-term support is at 0.9479, the 23.6% expansion, with a reversal back beneath that eyeing 0.9382. Alternatively, a push above resistance targets the 50% level at 0.9622.

Forex_USDCHF_Technical_Analysis_03.29.2013_body_Picture_5.png, USD/CHF Technical Analysis 03.29.2013

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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