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USD/CHF Gap is Still Possible Support at .8759

USD/CHF Gap is Still Possible Support at .8759

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Gap is Still Possible Support at .8759

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 trendline resistance would make the case that an important low is in place. The uncovered close from 4/11 is possible support at .8759.

LEVELS: .8727 .8759 .8776 | .8849 .8915 .8952

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

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