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USD/CHF Important Behavior Change

USD/CHF Important Behavior Change

2015-08-20 20:16:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF Important Behavior Change

Chart Prepared by Jamie Saettele, CMT

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

-“USDCHF cleared the 61.8% retracement and 4/23 high so focus is on the April high at .9862. The 78.6% retracement of the decline from the March high is also of interest at .9900.”

-“.9900 was reached and USDCHF reversed sharply. The rate does remain within the confines of an uptrend however. That uptrend would be broken on a drop below uptrend support.” The break below uptrend support on 8/19 is an important behavior change. Near term focus is on .9480-.9520.

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

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