Forex: USD/CHF Technical Analysis – Trying to Retake 0.91 Mark

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Talking Points

  • Prices rose as expected after showing a Doji candle, completing a Falling Wedge pattern
  • A close above 0.9092 (23.6% Fib ret.) eyes the 0.9194-0.9218 area (38.2% Fib, trend line)
  • Wedge top resistance-turned-resistance is now at 0.9051

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dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Trying to Retake 0.91 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

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

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