USD/CHF Technical Analysis 04.09.2013
USD/CHF Technical Analysis- Prices continue to push lower after putting in a Dark Cloud Cover candlestick pattern below trend line support-turned-resistance. Sellers took out support at 0.9358, the 38.2% Fibonacci retracement, exposing the 50% mark at 0.9294. The 0.9358 level has been recast as resistance. A turn back above that eyes the 23.6% retracement at 0.9437.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- 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.