Swiss Franc December Pivot at 9176 is of Interest

240 Minute Bars

Prepared by Jamie Saettele, CMT

The USDCHF is nearing potential support from the 12/8 low at 9176. Resistance for Friday is 9245/65 and only a move above 9339 would indicate potential for a recovery back towards 9400. While just intraweek at this point, it is worth noting that price is below its 13 week average for the first time since September.

Bottom Line – flat