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USD/CHF Consolidates at Range Highs

USD/CHF Consolidates at Range Highs

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

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

-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.” .9250 held as support (6/29 low was .9243) so respect potential for upside resolution to the 2 month range. .9600/20 would be of interest as resistance.

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.