Forex: USD/CHF Technical Analysis – Sellers Break 0.90 Figure

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Talking Points

  • Prices are testing support at 0.8967 (50% Fib expansion)
  • A break downward exposes 0.8901 (61.8% Fib exp.)
  • Resistance is at 0.9034 (38.2% Fib, falling channel top)

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dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Sellers Break 0.90 Figure

Daily Chart - Created Using FXCM Marketscope 2.0

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

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