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Forex: USD/CHF Technical Analysis – Resistance Above 0.90 Tested

Forex: USD/CHF Technical Analysis – Resistance Above 0.90 Tested

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices bounced as expected after showing a Doji candlestick
  • Resistance is now at 0.9022 (23.6% Fib); breaking above that eyes 0.9105 (38.2% Fib)
  • Back below 0.8972 (14.6% Fib) initially exposes the Oct 24 low at 0.8889

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

dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Resistance Above 0.90 Tested

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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