USD/CHF Technical Analysis– Prices broke above resistance at 0.9539, the 100% Fibonacci expansion, exposing the 123.6% level at 0.9608. A further push above that eyes the 138.2% Fib at 0.9651. The 0.9539 level has been recast as near-term support, with a drop back beneath that eyeing the 76.4% expansion at 0.9470.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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