Forex: USD/CHF Technical Analysis – Bulls March Toward 0.91

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Talking Points

  • Prices rose as expected after showing a Doji candle; resistance now at 0.9105 (38.2% Fib)
  • Break higher targets the 0.9165-89 area (Wedge top, trend line from Feb’12, 50% Fib)
  • Back below 0.9022 (23.6% Fib) exposes the Oct 24 low at 0.8889

Confirm your chart-based trade setups with the Technical Analyzer.

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dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Bulls March Toward 0.91

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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