Forex: USD/CHF Technical Analysis – Trend Line Resistance Eyed
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- Prices rallied as expected after putting in a bullish Morning Star candle pattern
- Resistance is now at 0.8976 (trend line), with a break above that targeting 0.8991 (38.2% Fib)
- Turning back below 0.8930 (23.6% Fib ret.) exposes 0.8832 (Dec 17 low)
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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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