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Forex: USD/CHF Technical Analysis – Franc at 11-Month High

Forex: USD/CHF Technical Analysis – Franc at 11-Month High

2013-10-24 12:04:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices broke support at 0.8934 (50% Fib expansion), exposing 0.8876 (61.8% Fib)
  • Continued selling below support targets 0.8805 (76.4% Fib)
  • Back above 0.8934 eyes the 38.2% Fib level at 0.8991

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

dailyclassics_usd-chf_body_Picture_6.png, Forex: USD/CHF Technical Analysis – Franc at 11-Month High

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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