usd-chf

The USDCHF has broken above its multi month channel resistance.  A daily close above the line yesterday bolsters the bullish outlook.  Near term, it is possible that the rally to 1.0340 was a thrust from a triangle.  Levels to expect support are 1.0105, 1.0125, and 1.0150.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.  Send requests to receive his reports via email to jsaettele@dailyfx.com.
 

DailyFX provides forex news on the economic reports and political events that influence the currency market.
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