USD/CHF Technical Analysis- Prices continue to hover above support at 0.9060, the 76.4% Fibonacci retracement. A break below this boundary exposes the 90.00 figure and the 100% level at 0.8959. Near-term resistance is at 0.9123, the 61.8% Fib. A turn back above that eyes a formerly broken trend line at 0.9156 and the 50% expansion at 0.9173.
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
To be added to Ilya's e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.