USD/CHF Technical Analysis – Prices broke support at a rising trend line set from February, exposing the 38.2% Fibonacci expansion at 0.9189. A further push beneath that eyes the 50% level at 0.9127. Trend line support-turned-resistance is now at 0.9240, with a move back above that targeting the 23.6% Fib at 0.9265.
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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