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Forex: USD/CHF Technical Analysis – Drifting Along Wedge Top

Forex: USD/CHF Technical Analysis – Drifting Along Wedge Top

2013-12-05 02:42:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices continue to cling to Falling Wedge resistance-turned-support set from July
  • A move below 0.9034 (38.2% Fib) eyes the 0.8967-96 area (channel, Wedge, 38.2% Fib)
  • Turning back below 0.9034 exposes channel top resistance at 0.9068

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

dailyclassics_usd-chf_body_Picture_12.png, Forex: USD/CHF Technical Analysis – Drifting Along 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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