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USD/CHF Technical Analysis: 6-Month Trend Line Holds Up

USD/CHF Technical Analysis: 6-Month Trend Line Holds Up

2013-08-12 10:51:00
Ilya Spivak, Head Strategist, APAC
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USD/CHF Technical Analysis – Prices are bouncing from support at a rising trend line set from February. Initial resistance is at 0.9309, the 23.6% Fibonacci retracement, with a break above that targeting the 38.2% level at 0.9394. Trend line support is now at 0.9180.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: 6-Month Trend Line Holds Up

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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