USD/CHF Tags Year Open at .8915; This is a Breakout Level
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDCHF has traded into the year open and trendline resistance. The late February high also rests here at .8929. A break above the line that extends off of the July 2013 and January highs would make it possible that a corrective decline from the 2012 high is complete. Near term focus would shift to .9060.
-Use the April 1 low as a pivot (bull/bear level).
LEVELS: .8745 .8806 .8834 | .8929 .8985 .9063
--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.