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USD/CHF Push above .9130 is Needed to Flip Short Term Path

USD/CHF Push above .9130 is Needed to Flip Short Term Path

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Push above .9130 is Needed to Flip Short Term Path

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 .9130 would suggest that a larger advance is underway. Until then, the path is probably lower. .8960s is of interest as possible support if reached.

Trading Strategy: Flat

LEVELS: .8966 .9023 .9060 | .9110 .9148 .9215

--- 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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