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USD/CHF Technical Analysis: Buyers Set Sights on May Top

USD/CHF Technical Analysis: Buyers Set Sights on May Top

Ilya Spivak, Head Strategist, APAC

USD/CHF Technical Analysis- Prices are testing resistance at 0.9753, the 76.4% Fibonacci expansion, with a break above that exposing the May 22 high at 0.9838. Near-term support is at 0.9634, the 61.8% Fib. A turn beneath that aims for the 50% expansion at 0.9538.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Buyers Set Sights on May Top

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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