News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
FOREX Technical Analysis: USD/CHF Nearing Resistance above 9200

FOREX Technical Analysis: USD/CHF Nearing Resistance above 9200

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

FOREX_Technical_Analysis_USDCHF_Nearing_Resistance_above_9200_body_usdchf.png, FOREX Technical Analysis: USD/CHF Nearing Resistance above 9200

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: At this point, sideways trade in the USDCHF since 12/20 is viewed as nothing more than a correction, specifically a flat. Waves A and C of the flat are already equal and today’s high is in line with the 12/17 high at 9194. Former lows (10/17 and 12/3) are now potential resistance if reached at 9213/40 along with the 20 day average.

FOREXTrading Strategy: Looking to turn bearish either below 9135 or above 9200

LEVELS: 9105 9135 9160 9214 9241 9275

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

DISCLOSURES