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USD/CHF Breaks Bearish Slope; .9250 is Key to Upside

USD/CHF Breaks Bearish Slope; .9250 is Key to Upside

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Breaks Bearish Slope; .9250 is Key to Upside

Chart Prepared by Jamie Saettele, CMT

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

-“Is USDCHF leading? Lower highs and lower lows since February along with a bearish daily RSI profile indicate potential for something bigger on the downside (think .8600). USDCHF also continues to respect bearish slope with uncanny precision.”

-Today’s (6/23) move may indicate an important change in behavior.” A short term trendline is in play at today’s (6/25) high. If the broader move is higher, then .9215/50 should provide support.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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