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USD/CHF Fills a Previously Uncovered Close from November 2011

USD/CHF Fills a Previously Uncovered Close from November 2011

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Fills a Previously Uncovered Close from November 2011

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-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.

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