# USD/CHF: Retest of .9100? (September 30, 2013)

Source: https://www.tradersway.com/resources/market-info/usd-chf-retest-of-9100-september-30-2013/
Language: en
Updated: 2013-09-30

USD/CHF just broke below the key .9100 handle on Friday’s dollar weakness, but the pair might be due for a quick pullback before heading any lower.



The 1-hour chart shows that the former support at .9100 lines up with the 61.8% Fibonacci retracement level, which makes it a good area of resistance. Stochastic is in the middle, suggesting that dollar bulls have enough energy to push for a retest of .9100.



There are no major reports from Switzerland and the US so ongoing trends might continue. Take note that the US debt ceiling deadline is approaching and a potential government shutdown could weigh on the dollar.



![USD/CHF: Retest of .9100? (September 30, 2013)]



Shorting at .9100 with a 50-pip stop and a target of .9000 would be a 2:1 trade.



*By Kate Curtis from Trader’s Way*