Forex: USD/CHF Technical Analysis – Reversal Higher in the Cards? | DailyFX: "The Swiss Franc may be on the verge of a turn lower against the US Dollar as USD/CHF price action traces out a falling Wedge chart formation. The pattern speaks to fading downside momentum and may precede a reversal upward. Breaking resistance at 0.8806, the intersection of the Wedge top and the 23.6% Fibonacci retracement initially exposes the 38.2% level at 0.8873. Wedge support is now at 0.8710."
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