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Forex: USD/CHF Technical Analysis – Long-Term Reversal Brewing?

By , Currency Strategist
27 November 2013 12:05 GMT

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Talking Points

  • Prices appear to be carving out a Falling Wedge chart pattern, arguing for a turn higher
  • Confirmation requires a close above 0.9113 (23.6% Fib), exposing 0.9251 (38.2% Fib)
  • Support is at 0.9028 (14.6% Fib); below that eyes the 0.90 figure, 0.8889 (Oct low)

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dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Long-Term Reversal Brewing?

Weekly 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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27 November 2013 12:05 GMT