USD/CHF Technical Analysis: Resistance Above 0.96 Tested
USD/CHF Technical Analysis- Prices are testing resistance at 0.9634, the 61.8% Fibonacci expansion, with a break above that exposing the 76.4% level at 0.9753. Near-term support is at 0.9538, the 50% Fib. A turn beneath that aims for the 38.2% expansion at 0.9441.
Daily Chart - Created Using FXCM Marketscope 2.0
--- 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.