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Forex: USD/CHF Technical Analysis – Rising Trend Set to Resume?

Forex: USD/CHF Technical Analysis – Rising Trend Set to Resume?

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices put in a Piercing Line candle pattern, hinting at a bounce ahead
  • Resistance is at 0.9143 (23.6% Fib exp.), above that targets 0.9196 (38.2% Fib)
  • Falling Wedge resistance-turned-support is now at 0.9045

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

dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Rising Trend Set to Resume?

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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