U.S. Markets closed

Forex: USD/CHF Technical Analysis – Recoiling Back Toward 0.90

Ilya Spivak


To receive Ilya's analysis directly via email, please SIGN UP HERE


Talking Points


  • Prices bounced as expected after showing a Doji candlestick
  • Breaking resistance at 0.8972 (14.6% Fib) exposes 0.9022 (23.6% Fib)
  • Initial support is at 0.8889, the October 24 swing bottom


Confirm your chart-based trade setups with the Technical Analyzer.


dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Recoiling Back Toward 0.90

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


New to FX? START HERE


For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.