USD/CHF Closes above 200 DMA
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“The near term path is higher above .8896 but USDCHF faces a load of levels up to .9020 (200 DMA is now, and the February 2013 low is at .9021). Below .8896 would likely give way to .8860.”
-A high was registered just above .9021 after ECB and the reversal took out the prior 8 days’ highs and lows. Failure to follow through (lower) on the reversal leaves .8907 as an important pivot. .8945 is possible support above that level. .9063 is possible resistance above .9036.
LEVELS: .8907 .8934 .8963 | .9005 .9036 .9063
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