Forex: USD/CHF Technical Analysis ? Long-Term Reversal Brewing?
2013-11-27 12:05 (UTC)
Ilya Spivak, Currency Strategist
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Prices appear to be carving out a Falling Wedge chart pattern, arguing for a turn higher
Confirmation requires a close above 0.9113 (23.6% Fib), exposing 0.9251 (38.2% Fib)
Support is at 0.9028 (14.6% Fib); below that eyes the 0.90 figure, 0.8889 (Oct low)
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Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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