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Forex: USD/CHF Technical Analysis – Slow Slide Continues

Ilya Spivak


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Talking Points


  • Prices declined as expected after showing a bearish Dark Cloud Cover candle pattern
  • A break of support at 0.9312 (23.6% Fib) now exposes 0.9224 (38.2% Fib)
  • 0.9312 is now resistance; further push lower eyes trend line support at 0.9171


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dailyclassics_usd-chf_body_Picture_6.png, Forex: USD/CHF Technical Analysis – Slow Slide Continues

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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