USD/CHF Trendline Resistance Put to Test
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The USDCHF has extended beyond the ‘critical zone’ identified in recent days. To review, the zone is “defined by the February, April and May 2012 lows.” Bulls now face the line that extends off of the November and January highs. The line was respected today and support is estimated at 9260/90.
FOREXTrading Strategy: Bullish above 9180.
LEVELS: 9184 9260 9290 9331 9388 9512