Forex: USD/CHF Technical Analysis – Franc Hits Two-Year High
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- Prices broke support in the 0.8889-0.8901 area (Oct 24 low, 61.8% Fib exp.)
- Sellers now target 0.8818 (76.4% Fib exp.); below that exposes 0.8685 (100% Fib)
- Turning above 0.8901 targets 0.8941 (channel bottom), 0.8967 (50% Fib exp.)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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