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USD/CHF Plows Through .8800; That Level is Now Support

USD/CHF Plows Through .8800; That Level is Now Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Plows Through .8800; That Level is Now Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDCHF has broken above mid-December lows as well as trendline trendline resistance. I would still like to see Swissie above .8895 to indicate an ‘in month’ reversal but former resistance at .8800 is now support. If that market has turned, then look .8800 to hold on Friday.

LEVELS: .8744 .8769 .8820 | .8859 .8902 .8939

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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