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.