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USD/CHF Technical Analysis: Sellers Test 6-Month Support

USD/CHF Technical Analysis: Sellers Test 6-Month Support

Ilya Spivak, Head Strategist, APAC

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.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Sellers Test 6-Month Support

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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