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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


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

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