USD/CHF Technical Analysis– Prices are testing support at 0.9437, the 23.6% Fibonacci retracement, with a break below that exposing the 0.9358-82 area marked by the 38.2% level and a horizontal pivot. Near-term resistance is at 0.9566, the March 14 high. A move above that aims for the underside of a previously broken rising trend line at 0.9646.
Daily Chart – Created Using FXCM Marketscope 2.0
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— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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