USD/CHF Technical Analysis- Prices moved lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern. Initial support has been found 0.9382, a former resistance level, with prices now retesting a broken rising trend line now at 0.9516. A push above that aims for the March 14 high at 0.9529. Alternatively, a drop through support targets a former channel top at 0.9285.
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
To be added to Ilya's e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
