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FOREX Technical Analysis: USD/CHF Comes within Pips of December Low

FOREX Technical Analysis: USD/CHF Comes within Pips of December Low

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, FOREX Technical Analysis: USD/CHF Comes within Pips of December Low

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The USDCHF came within 2 pips of printing the December low on Wednesday. Price tested and closed above short term trendline support. Generally speaking, price is at the lower end of a multi-month range.

FOREXTrading Strategy: Play range conditions until the USDCHF proves that it’s doing something else. In other words, look higher from here.

LEVELS: 9184 9213 9240 9293 9340 9382

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

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