USD/CHF Technical Analysis: Sellers Test 6-Month Support
USD/CHF Technical Analysis – Prices pulled back to retest support at a rising trend line set from February (0.9239). A break downward targets Fibonacci expansion barriers at 0.9189 and 0.9127. Near-term resistance is at 0.9374, the 23.6% Fibonacci retracement, with a push above that eyeing the 38.2% level at 0.9465.
Confirm your chart-based trade setups with the Technical Analyzer.
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