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USD/CHF Rally Fails at Well-Defined .9990 Level

USD/CHF Rally Fails at Well-Defined .9990 Level

Jamie Saettele, CMT, Sr. Technical Strategist


USD/CHF Rally Fails at Well-Defined .9990 Level

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-USD/CHF has been a clean trade of late. A low formed earlier in February near the 200 day average and where the decline from the November high consists of 2 equal legs at .9714. The rally has derailed at former trendline support (also a horizontal level). Check out more on USD/CHF here.

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.