Forex: USD/CHF Technical Analysis – Drift Downward Continues
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices declined as expected after showing a bearish Dark Cloud Cover candle pattern
- A break of support at 0.9312 (23.6% Fib) now exposes 0.9224 (38.2% Fib)
- Reversing back 0.9312 opens the door for a test of 0.9455, the September 6 swing high
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? Watch this Video
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.