USD/CHF Technical Analysis: Bullish Reversal Under Way
USD/CHF Technical Analysis – Prices broke higher, completing a bullish Falling Wedge chart pattern and exposing the 23.6% Fibonacci expansion at 0.9374. A break above this barrier targets the 38.2% level at 0.9465. Wedge resistance-turned-support is now at 0.9269, followed by a trend line set from February at 0.9234.
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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