Forex: USD/CHF Technical Analysis – Wedge Top Acting as Support
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- Prices rose as expected after showing a Doji candle, completing a Falling Wedge pattern
- Support is at 0.9092 (23.6% Fib ret., Wedge top); a break below that eyes the 0.90 figure
- Resistance is the 0.9193-0.9218 region (trend line from Feb’12, 38.2% Fib retracement)
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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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