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Forex: USD/CHF Technical Analysis – Support Seen Sub-0.90

Forex: USD/CHF Technical Analysis – Support Seen Sub-0.90

2013-10-21 12:10:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices recoiled from trend line support-turned-resistance set from Feb’12
  • A break of support at 0.8991 (38.2% Fib) targets 0.8934 (50% Fib)
  • Above resistance at 0.9062 (23.6%) eyes the trend line (now at 0.9185) anew

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

dailyclassics_usd-chf_body_Picture_8.png, Forex: USD/CHF Technical Analysis – Support Seen Sub-0.90

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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