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USD/CHF Technical Analysis: Bulls Secure Close Above 0.95

USD/CHF Technical Analysis: Bulls Secure Close Above 0.95

2013-07-03 10:48:00
Ilya Spivak, Head Strategist, APAC
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USD/CHF Technical Analysis- Prices took out resistance at 0.9484, the 50% Fibonacci retracement, exposing the 61.8% level at 0.9567. The 0.9484 mark has been recast as near-term support, with a reversal back beneath that eyeing a rising trend line at 0.9420 and the 0.94 figure.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Bulls Secure Close Above 0.95

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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