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Forex: USD/CHF Technical Analysis – Still Clinging to Wedge Top

Forex: USD/CHF Technical Analysis – Still Clinging to Wedge Top

2013-12-03 09:48:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices continue to cling to Falling Wedge resistance-turned-support set from July
  • A close above falling channel resistance (0.9086) targets a trend line from Feb’13 (0.9219)
  • Support is in the 0.8995-0.9009 area (Falling Wedge top, channel bottom)

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

dailyclassics_usd-chf_body_Picture_10.png, Forex: USD/CHF Technical Analysis – Still Clinging to Wedge Top

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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