FX.co ★ USD/CHF weekly technical levels for April 23, 2013

Weekly technical levels:

Observation(s):

• If the trend is of an upside character, then the strength of the currency will be defined as follows: USD is an uptrend and CHF is a downtrend.
• Fibonacci retracement is used to determine accurate psychological levels of support and resistance.
• The period of time should be taken into account. Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will lose your profit.
• Stop loss should NEVER exceed your maximum exposure amounts.

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