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USD/CHF Returns to Year Open and 2012 High Level

USD/CHF Returns to Year Open and 2012 High Level

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

-USDCHF has retraced nearly the entire SNB fiasco and returned to the year open price. This level is also the 2012 high. A confluence of such important prices (year and open and a former yearly high) is often decent support/resistance so a break through this would major. The median line remains estimated support near .9300.

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

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