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USD/CHF Range Tightens at Former Support Line

USD/CHF Range Tightens at Former Support Line

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Range Tightens at Former Support Line

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to recent USD/CHF commentary. “The rate has turned up from the 200 day average and near where the decline from the November high consists of 2 equal legs (.9714). Former trendline support is now providing resistance, which is short term bearish.”

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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