USDCHF Slices Through June Low

Daily Bars

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