USD/CHF 10/3 Low Providing Resistance on Bounce
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-After trading into late August lows, the USDCHF reversed sharply and made an outside week 2 weeks ago. Last week’s decline triggered follow through and is bearish.
-Price has dipped below the 2012 low. There is an uncovered close from November 2011 at .8847.
-Former lows at .8965 and .9000 are now resistance.
Trading Strategy: Flat
LEVELS: .8799 .8847 .8910 | .8965 .9004 .9044
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