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Tuesday 29 July 2014 08:32

USD/CHF Technical Analysis 03.05.2013

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USD/CHF Technical Analysis- Prices are testing support at 0.9400, the 38.2% Fibonacci expansion. A turn below that aims for the 23.6% level at 0.9354, a barrier reinforced by a rising trend line set from the February 1 low. Near-term resistance is at 0.9438, the 50% Fib, with a push above that eyeing the 61.8% expansion at 0.9475.

Forex_USDCHF_Technical_Analysis_03.05.2013_body_Picture_5.png, USD/CHF Technical Analysis 03.05.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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