USD/CHF Fills a Previously Uncovered Close from November 2011
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDCHF has filled a previously uncovered close from Nov 4th, 2011. The drop to YTD lows shifts focus to the Oct 2011 low at .8570, which is also a head and shoulders objective.
-The recently broken low at .8889 is possible resistance.
Trading Strategy: Flat
LEVELS: .8567 .8761 .8849 | .8889 .8933 .8963
--- 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.