Forex: USD/CHF Technical Analysis – Sinking Toward 0.90 Anew
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- Prices continue to cling to Falling Wedge resistance-turned-support set from July
- A close above falling channel resistance (0.9079) targets a trend line from Feb’13 (0.9220)
- Support is in the 0.8967-0.9003 area (Falling Wedge top, channel bottom, 50% Fib exp.)
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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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