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FOREX Technical Analysis: USD/CHF Inside Day Provides Trading Points

FOREX Technical Analysis: USD/CHF Inside Day Provides Trading Points

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, FOREX Technical Analysis: USD/CHF Inside Day Provides Trading Points

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: If a larger USDCHF low is in place, then the 50%-61.8% retracements of the latest advance should hold at 9199-9235 should hold. The 50% level is of particular interest; reinforced by the 1/14 high (9229) and 20 day average.

FOREXTrading Strategy: Looking to buy dips near 9230.

LEVELS: 9178 9229 9273 9344 9388 9458

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

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