USD/CHF Holding Up at Trendline Confuence
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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FOREXAnalysis: The USDCHF has held .9400, a well-defined area from the 6/3 low, 6/10 high, 6/25 high, and 6/27 low. Continue to keep .9367 (61.8%) and .9291 (large volume area) in mind but it’s a good sign that .9400 has held. The level is also defined by a former trendline (now an internal line).
FOREXTrading Strategy: We are in the right area to look for a low but near term pattern is sloppy. It’s important to wait for near term pattern to clear up.
LEVELS: .9290 .9367 .9430 .9534 .9595 .9625
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