Forex: USD/CHF Technical Analysis – Franc Rebounds as Expected
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- Prices declined as expected after putting in a Bearish Engulfing candle pattern
- Breaking below support at 0.9020 (23.6% Fib exp.) targets 0.8954 (38.2% Fib exp.)
- Near-term resistance is at 0.9127 (January 8 swing high)
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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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