USD/CHF Technical Analysis: Swiss Franc Recovery Hinted
USD/CHF Technical Analysis- Prices put in a bearish Dark Cloud Cover candlestick pattern, hinting a move lower is ahead. Near-term support is at 0.9425, the 14.6% Fibonacci expansion, with a break beneath that targeting the 23.6% level at 0.9361. Resistance is at 0.9529, the July 2 swing high.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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