USD/CHF .9350 Proves Formidable
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“.8279 sticks out as a reaction level. This is the 61.8% retracement of the 2011-2015 rally and the 127.2% retracement of the 2014-2015 rally. Retracements of last week’s move would be of interest as resistance at .9132 (38.2%) and .9340 (50%). The latter level is in line with the October 2014 low at .9359 and median line from the structure that capture the low after the SNB shocker.”
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