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USD/CHF Technical Analysis: Bullish Bias Remains for Now

USD/CHF Technical Analysis: Bullish Bias Remains for Now

Ilya Spivak, Head Strategist, APAC

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 push above this barrier targets the 38.2% level at 0.9465. Wedge resistance-turned-support is now at 0.9250, followed by a trend line set from February at 0.9235.

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

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis: Bullish Bias Remains for Now

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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