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USD/CHF Technical Analysis – Rebound Gains Momentum

USD/CHF Technical Analysis – Rebound Gains Momentum

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are rising as expected after showing a Bullish Engulfing candle pattern
  • A daily close above 0.9082 (23.6% Fib) exposes 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.

dailyclassics_usd-chf_body_Picture_6.png, USD/CHF Technical Analysis – Rebound Gains Momentum

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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