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DailyBubble News

USD/CHF Technical Analysis – Recoiling Back Toward 0.90

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Talking Points:

– Prices bounced as expected after showing a Doji candlestick.
– Breaking resistance at 0.8972 (14.6% Fib) exposes 0.9022 (23.6% Fib).
– Initial support is at 0.8889, the October 24 swing bottom.

Confirm your chart-based trade setups with the Technical Analyzer.

Daily Chart – Created Using FXCM Marketscope 2.0.

— Written by Ilya Spivak, Currency Strategist for DailyFX.com.

Contact and follow Ilya on Twitter: @IlyaSpivak.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Learn forex trading with a free practice account and trading charts from FXCM.

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