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USD/CHF: Fibonacci analysis on 13.01.2016

A price reverse and a downward correction are possible.

On the 4-hour chart, the price reached the level of 1.0101 (0% correction) which at present seems to be the key level. From here the pair can reverse and start falling towards 1.0065, 1.0033 (23.6% correction) and 0.9990 (38.2% correction). A breakout of the level of 1.0101 could lead to a further growth towards 1.0165 and 1.0300.

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