USD/CHF at Risk of Drop to .9300
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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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