USD/CHF 50% Retracement of 2012-2014 Range at .9334
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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 everything. The 50% retracement of the decline from the 2012 low could influence for a return to .9250 (former high).
--Tradingideas are availabletoJ.S. Trade Desk members.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.