Forex: USD/CHF Technical Analysis – Edging Along Wedge Top
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- Prices rose as expected after showing a Doji candle, completing a Falling Wedge pattern
- Support is in the 0.9074-92 area (23.6% Fib, Wedge top); below that eyes the 0.90 figure
- Resistance is in the 0.9194-0.9218 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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