USD/CHF Technical Analysis: Support Found at 0.92

DailyFX

USD/CHF Technical Analysis- Prices declined as expected after putting in a Bearish Engulfing candlestick pattern, taking out support marked by arising trend line set from early February and exposing swing lows in the 0.9205-46 area. A push below that targets the 123.6% Fibonacci extension at 0.9056.The trend line – now at 0.9387 – has been recast as resistance.

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dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Support Found at 0.92

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

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