USD/CHF Technical Analysis – Prices are pulling back from resistance at 0.9313, a barrier marked by the 61.8% Fibonacci expansion and reinforced by a falling trend line set from mid-July (0.9308). Near-term support is at 0.9209, the 76.4% level. Alternatively, a reversal above resistance initially targets the 50% expansion at 0.9396.
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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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