USD/CHF Biggest Down Day Since February 20th
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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.” An upper parallel is all that remains as possible resistance before the high.
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