FX.co ★ USD/CHF technical analysis for April 2, 2013

Intraday technical levels:

• The price is probably going to form a strong support at 0.9400 ( 236% of Fibonacci retracement levels in the M15 to H1 chart).
• The saturation is likely to take place around 0.9400.
• Therefore, it is possible that the market will start showing bullish signs.
• The daily pivot point is set at the level of 0.9455.
• In other words, buy deals are recommended above 0.9400 with the first target seen at the 0.9500 level and further at the 0.9550 level.

1. In the point of 0.9550 a strong resistance will be formed.
2. In the point of 0.9400 a strong support will be formed.

Intraday technical levels:

R3: 0.9757

R2: 0.9654

R1: 0.9558

PP: 0.9455

S1: 0.9359

S2: 0.9256

S3: 0.9160

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.