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USD/CHF Elevator Down…Stairs Up

Jamie Saettele, CMT, Sr. Technical Strategist

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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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