USD/CHF Technical Analysis 04.23.2013
USD/CHF Technical Analysis- Prices are pushing higher as expected after putting in a Bullish Engulfing candlestick pattern above the 0.92 figure. Buyers are aiming to challenge resistance at 0.9414, the 38.2% Fibonacci expansion. A break above that aims for the 50% level at 0.9478. Near-term support is at 0.9334, the 23.6% Fib.
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