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USD/CHF Will Face Resistance Shy of Parity

USD/CHF Will Face Resistance Shy of Parity

2016-02-16 21:01:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF Will Face Resistance Shy of Parity

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent commentary noted that USD/CHF had traded into “the 200 day average and where the decline from the November high consists of 2 equal legs at .9714. A low could try and form between here and a trendline confluence near .9600.” The rate has turned up but resistance may loom just shy of parity now.

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