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USD/CHF Rally Could Fail at .9990

USD/CHF Rally Could Fail at .9990

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Rally Could Fail at .9990

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.

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.

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