USD/CHF Technical Analysis 04.24.2013

| 24 april, 2013 | 0 kommentarer

USD/CHF Technical Analysis– Prices are pushing higher as expected after putting in a Bullish Engulfing candlestick pattern above the 0.92 figure. Buyers are aiming to challenge resistance at 0.9478, the 50% Fibonacci expansion. A break above that aims for the 61.8% level at 0.9542. Near-term support is at 0.9414, the 23.6% Fib.

Forex_USDCHF_Technical_Analysis_04.24.2013_body_Picture_1.png, USD/CHF Technical Analysis 04.24.2013

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Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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