USD/CHF Technical Analysis – Prices are tracing out a bullish Falling Wedge chart pattern above rising trend line support set from February, hinting a reversal higher is ahead. Confirmation requires a daily close above the Wedge top (now at 0.9289), exposing the 23.6% Fibonacci expansion at 0.9374. Trend line support is at 0.9232.
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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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