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Forex: USD/CHF Technical Analysis – Key Resistance Below 0.92

Forex: USD/CHF Technical Analysis – Key Resistance Below 0.92

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices rose as expected after showing a Doji candlestick
  • Resistance is now in the 0.9172-90 area (Wedge top, trend line from Feb’12, 50% Fib)
  • Break higher targets 0.9239 (61.8% Fib); support is at 0.9105 (38.2% Fib)

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

dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Key Resistance Below 0.92

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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