Forex: USD/CHF Technical Analysis – Wedge Top Under Fire
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- Prices rose as expected after showing a Doji candle; resistance is now at 0.9138 (Wedge top)
- A break higher targets the 0.9193-0.9218 area (trend line from Feb’12, 38.2% Fib retracement)
- Support is at 0.9092 (23.6% Fib); a break below that targets 0.9015 (14.6% 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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