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USD/CHF Elevator Down…Stairs Up

USD/CHF Elevator Down…Stairs Up

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The 61.8% retracement of the SNB move is .9498. This level, along with the December low at .9552, may provide resistance.

-Weakness below .94 is needed in order to indicate a behavior change and flip the near term tape.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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