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USD/CHF 9 Year Trendline Near 1.0180

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

-An upper parallel and long term trendline are possible resistance near 1.0180 before the January high. Very short term action (since 3/12) may compose a triangle. The implication is that USDCHF thrusts above 1.0128 and then reverses.

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

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