Chart Alert: USD/CHF Resistances
March 10, 2013 3:44 am in Chart Alert
The break over 0.9512 was a significant move as it does not even represented the break over the psychological 0.9500 level but suggests a decisive break of the same.
The next critical resistance zone will be o.9635/0.9657. Any break over 0.9657 should bring further gains towards 0.9800 or more for USD/CHF.
USD/CHF weekly chart
The above mentioned 0.9635 is slightly over the 61.8% retracement of the downward move from 0.9972 to 0.9022 and we can not ignore the possibilities of a strong resistance and a fall from that zone.
USD/CHF and retracement levels
You may also like to check the daily analysis for USD/CHF.