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USD/CHF Outside Day; .8845 is Resistance

USD/CHF Outside Day; .8845 is Resistance

2014-04-16 21:42:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Outside Day; .8845 is Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The same momentum considerations that apply to EURUSD apply to USDCHF (the March price low occurred with RSI above 30).

-.8745 (3/13 close) has provided support. Exceeding .8845 (now resistance) would make the case that an important low is in place.

LEVELS: .8727 .8744 .8770 | .8845 .8872 .8915

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

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