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USDCHF Slices Through June Low

USDCHF Slices Through June Low

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Slices Through June Low

Prepared by Jamie Saettele, CMT

“Monthly opening range implications and the large range day on 9/7 warrant a bearish bias against 9608 and 9580. The trend is down towards the gap from May at 9184.” The USDCHF slipped lower to test the 5/21 low at 9367 on Wednesday. Sideways trading may be in order over the next few days given the extent of the recent run. Any strength should prove corrective.

LEVELS: 9301 9334 9367 9435 9485 9500

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