USD/CHF Technical Analysis 03.22.2013

DailyFX

USD/CHF Technical Analysis- Prices moved lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern. Initial support has been found 0.9382, a former resistance level, with prices now retesting a broken rising trend line now at 0.9516. A push above that aims for the March 14 high at 0.9529. Alternatively, a drop through support targets a former channel top at 0.9285.

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Forex_USDCHF_Technical_Analysis_03.22.2013_body_Picture_5.png, USD/CHF Technical Analysis 03.22.2013

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

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