Daily Bars
Prepared by Jamie Saettele, CMT
“USDCHF failure in front of the October 1 high at 9438 and trendline resistance keeps the market in a range. 9335/57 is potential near term support although a continuation of the range that began in mid-September would result in a return to 9238. Exceeding 9438 wouldn’t necessarily change the long term trend but would shift focus to 9500/20.” The USDCHF dropped to 9336 Thursday (61.8% retracement). Price may consolidate around this level but the market response at the top of the range suggests it’s wise to look lower rather than higher.
LEVELS: 9238 9275 9336 9380 9438 9501
