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  1. USD/CHF Technical Analysis: Franc Drops to 12-Month Low, Long at 0.9068

    by , 09-10-2014 at 04:58 AM
    Talking Points:

    • USD/CHF Technical Strategy: Long at 0.9068
    • Support:0.9332, 0.9272, 0.9223
    • Resistance: 0.9429, 0.9526, 0.9586

    The US Dollar soared to a 12-month high against the Swiss Franc after turning higher as expectedhaving put in a Bullish Engulfing candlestick pattern. A daily close above the 100% Fibonacci expansion at 0.9429 exposes the 123% level at 0.9526. Alternatively, a reversal back belowthe 76.4% Fib at 0.9272 opens the door for a test of the61.8% expansionat ...
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