Forex: USD/CHF Technical Analysis – Rising Trend Set to Resume?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- 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.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.