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USDCHF Pressing Against October High

USDCHF Pressing Against October High

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Pressing Against October High

Prepared by Jamie Saettele, CMT

The USDCHF registered its highest daily close in nearly a month and trade above 9437 would shift focus to the 100% extension of the rally from the low at 9474 and 9500/20 (former support and the 38.2% retracement). Short term support begins at 9400.

LEVELS: 9322 9357 9384 9438 9475 9501

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