Chart of the Day for August 5th, 2013 – USD/CHF
By Ilya SpivakPrices broke higher, completing a bullish Falling Wedge chart pattern and exposing the 23.6% Fibonacci expansion at 0.9374. A push above this barrier targets the 38.2% level at 0.9465. Wedge resistance-turned-support is now at 0.9250, followed by a trend line set from February at 0.9235.
0 comments:
Post a Comment