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Swiss Franc 9300 and 9240 are Levels of Interest

Swiss Franc 9300 and 9240 are Levels of Interest

2012-01-19 22:30:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-chf_body_usdchf.png, Swiss Franc 9300 and 9240 are Levels of Interest

Prepared by Jamie Saettele, CMT

The USDCHF has broken the support line that extends off of the December and January lows and is approaching the January low of 9304. A drop under there would negate any constructive bias and shift focus to the 12/21 low at 9242 and the 11/30 low at 9065. 9380-9410 is now resistance.

Bottom Line – flat

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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