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Forex: USD/CHF Technical Analysis – Turn Lower Hinted Ahead

By , Currency Strategist
10 September 2013 11:38 GMT

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Talking Points

  • A Dark Cloud Cover candlestick pattern hints a move lower is ahead
  • Initial support at 0.9312 (23.6% Fib exp.); a break below that targets 0.9224 (38.2% Fib)
  • Near-term resistance is at 0.9455, the September 6 swing high

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

dailyclassics_usd-chf_body_Picture_6.png, Forex: USD/CHF Technical Analysis – Turn Lower Hinted Ahead

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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10 September 2013 11:38 GMT