USD/CHF Technical Analysis- Prices put in a Bullish Engulfing candlestick pattern above the 0.92 figure, hinting a reversal higher is ahead. Near-term resistance is at 0.9334, the 23.6% Fibonacci expansion. A break above that aims for the 38.2% level at 0.9414. Near-term support is at 0.9205, the April 17 low.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Finance Trading
- Basic Materials Industry