USD/CHF Fails to Hold a Bid; Near Term is a Toss Up
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDCHF continues to bounce along the top side of the line that extends off of the Jul and Sep highs.
-Exceeding .9190 would suggest that a larger advance is underway. Until then, the market seems pressured lower. .8960s is of interest as possible support if reached.
Trading Strategy: Flat
LEVELS: .8966 .9023 .9060 | .9130 .9191 .9250
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.