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USD/CHF Fails to Hold a Bid; Near Term is a Toss Up

USD/CHF Fails to Hold a Bid; Near Term is a Toss Up

Jamie Saettele, CMT, Sr. Technical Strategist

4Hour

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Fails to Hold a Bid; Near Term is a Toss Up

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-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.

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