USD/CHF Technical Analysis 04.12.2013
USD/CHF Technical Analysis- Prices pushed lower after putting in a Dark Cloud Cover candlestick pattern below trend line support-turned-resistance. Sellers are now testing the 50% Fibonacci retracement at 0.9294.A push beneath that aims for the 61.8% Fib at 0.9229. Near-term resistance is at 0.9358, the 38.2% retracement. A turn back above that eyes the 23.6% mark at 0.9437.
Daily Chart - Created Using FXCM Marketscope 2.0
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