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USD/CHF Old Support Line Provides Resistance

USD/CHF Old Support Line Provides Resistance

2015-04-14 20:07:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF Old Support Line Provides Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“USDCHF has reversed from 9 year trendline resistance. Focus is on the median line (about .9300) that extends off of the 2012 high. This line crosses through highs in 2013 and the October 2014 low. The 52 week MA is near this line as well. Resistance is estimated at .9800.” USDCHF turned over from just above an old support line. This video explains more.

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