![USDCHF Price Pattern Analysis: we entered long USDCHF at 0.9452 and subsequently booked profit on half of the position USDCHF Price Pattern Analysis: we entered long USDCHF at 0.9452 and subsequently booked profit on half of the position](https://c.mql5.com/6/186/splash-175868.png)
USDCHF Price Pattern Analysis: we entered long USDCHF at 0.9452 and subsequently booked profit on half of the position
20 November 2014, 09:11
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
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- USDCHF Technical Strategy: Long at 0.9452
- Support: 0.9541, 0.9441, 0.9359
- Resistance: 0.9658, 0.9741, 0.9815
The US Dollar declined against the Swiss Franc as expected after prices put in a bearish Dark Cloud Cover candlestick pattern. A daily close below 0.9541-64 area marked by a rising trend line and a falling channel bottom exposes the October 29 low at 0.9441. Alternatively, a reversal above the channel top at 0.9658 clears the way for a test of the November 7 high at 0.9741.
Resistance | Support |
---|---|
0.9658 | 0.9541 |
0.9741 | 0.9441 |
0.9815 | 0.9359 |