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USD/CHF .9250 is Next Possible Reaction Level

USD/CHF .9250 is Next Possible Reaction Level

2014-09-02 17:46:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF .9250 is Next Possible Reaction Level

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“If a major low is in place in the rate then a low probably forms between .8800 and .8860. A low formed at .8955 on 7/1 and USDCHF put in a strong July.”

-USDCHF has pushed through channel resistance and I’d look for the top side of that level to act as support moving forward (near .9100). The next target area would be .9250 (November 2013 highs).

--Tradingideas are availabletoJ.S. Trade Desk members.

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