Forex: USD/CHF Technical Analysis – Candle Setup Hints at Rebound
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- A bullish Morning Star candlestick pattern hints a move higher is ahead
- Breaking above resistance at 0.8936 (23.6% Fib ret.) exposes 0.8996 (38.2% Fib ret.)
- Near-term support is at 0.8839, the December 11 swing low
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
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