USD/CHF Choppy Drop Almost Consists of Equal Legs
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 .9130 would suggest that a larger advance is underway. Until then, the path is sideways to lower. .8960s is of interest as possible support if reached.
Trading Strategy: Flat
LEVELS: .8966 .9027 .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.