USD/CHF .9470-.9526 is Potential Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: After the follow through on the 4/17 reversal, the USDCHF traded through the 61.8% retracement of the decline from .9566. The 3/14 reversal day close at .9471 is now of interest although the trend defining level is the monthly high at .9526, which is in line with the line that extends off of the July 2012 and March 2013 highs.
FOREXTrading Strategy: Flat
LEVELS: .9340 .9388 .9410 .9471 .9526 .9566
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