Forex: USD/CHF Technical Analysis – Trying to Form a Bottom
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- A Doji candle above support at 0.8876 (61.8% Fib exp., Wedge bottom) may mark a rebound
- Initial resistance is at 0.8933 (50% Fib); a break higher aims for 0.8991 (38.2% Fib)
- Piercing support initially exposes 0.8805 (76.4% Fib)
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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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