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USD/CHF Falls Just Short of Filling Gap

USD/CHF Falls Just Short of Filling Gap

2014-05-05 18:49:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF Falls Just Short of Filling Gap

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-.8745 (3/13 close) has provided support in USDCHF. Exceeding trendline resistance would make the case that an important low is in place. Until then, the market is pressured lower. The 4/11 close at .8759 remains uncovered (gap) and is possible support.

LEVELS: .8698 .8727 .8759 | .8803 .8849 .8915

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