Forex: USD/CHF Technical Analysis – Long-Term Reversal Brewing?
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- Prices appear to be carving out a Falling Wedge chart pattern, arguing for a turn higher
- Confirmation requires a close above 0.9113 (23.6% Fib), exposing 0.9251 (38.2% Fib)
- Support is at 0.9028 (14.6% Fib); below that eyes the 0.90 figure, 0.8889 (Oct low)
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Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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