USD/CHF Technical Analysis– Prices took out resistance at the 0.94 figure, a barrier marked by the underside of a rising trend line set from February and the 38.2% Fibonacci retracement, exposing the 50% level at 0.9484. A further push above that aims for the 61.8% Fib at 0.9567. Alternatively, a reversal back below 0.94 targets 0.9297, the 23.6% retracement.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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