USD/CHF Technical Analysis- Prices are testing support at 0.9400, the 38.2% Fibonacci expansion. A turn below that aims for the 23.6% level at 0.9354, a barrier reinforced by a rising trend line set from the February 1 low. Near-term resistance is at 0.9438, the 50% Fib, with a push above that eyeing the 61.8% expansion at 0.9475.

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.