USD/CHF Drop Finds Support from 20 Day Average
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-USDCHF has retraced slightly more than half of the advance from .9146. The 61.8% retracement is at .9264.
-The 20 day average served as support on Wednesday. The 200 day average is at .9347 and slope is flat.
-Parallel channel support as presented on Tuesday failed to hold which makes the impulsive interpretation suspect (not impossible as hourly closes do not overlap).
Trading Strategy: Flat
LEVELS: .9216 .9246 .9280 | .9370 .9396 .9431
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