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USD/CHF Technical Analysis: Bears Try to Break 0.95 Mark

USD/CHF Technical Analysis: Bears Try to Break 0.95 Mark

2013-07-11 10:12:00
Ilya Spivak, Head Strategist, APAC
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USD/CHF Technical Analysis– Prices are challenging support at 0.9480, the 38.2% Fibonacci retracement, with a break beneath that exposing the 50% level at 0.9396. Near-term resistance is at 0.9583, the 23.6% Fib, followed by the July 9 swing high at 0.9751.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Bears Try to Break 0.95 Mark

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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