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USD/CHF Trades around 200 Day Average; Watch .9380s Now

USD/CHF Trades around 200 Day Average; Watch .9380s Now

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Trades around 200 Day Average; Watch .9380s Now

Chart Prepared by Jamie Saettele, CMT

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

-Remember, contracting trade since March may compose a triangle, in which case USDCHF will trade down to .9215-.9400 before finding support. The triangle line is near .9380 over the next few days. A break below there wouldn’t negate the idea that a triangle is forming from the March high. Rather, it would simply suggest that the triangle is larger than previously thought.

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

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