Forex: USD/CHF Technical Analysis – Trying to Build Higher
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- A Bullish Engulfing candlestick pattern hints a rebound is ahead
- Initial resistance is at 0.9082 (23.6% Fib); break above that targets 0.9153 (38.2% Fib)
- Near-term support is at 0.8967, the October 3 low
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
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