USD/CHF Rally Fails at December Low
Chart Prepared by Jamie Saettele, CMT
-The 200 day average break in USD/CHF negates any upside potential for now but the trendline that extends off of the May, June, and August 2015 highs is just below and could offer interim support. The next big support may not be until near .9400 (longer term trendline). The contracting nature of the decline since November indicates potential for a wedge to form.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.