Forex: USD/CHF Technical Analysis – Buyers Rejected at 0.92
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- Prices rose as expected after showing a Doji candle, completing a Falling Wedge pattern
- The bulls were rejected at the 0.9190-0.9218 area (trend line from Feb’12, 38.2% Fib)
- Turning lower here sees support at 0.9092 (23.6% Fib); above resistance eyes 0.9320 (50% 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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