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

Ilya Spivak


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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


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


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


Contact and follow Ilya on Twitter: @IlyaSpivak


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