We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

USD/CHF Rally Fails at December Low

29 Mar 2016 18:18, GMT
Jamie Saettele, CMT, Sr. Technical Strategist

Share:

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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.

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.

DISCLOSURES

Related Articles:

​​​FTSE 100 hits yet another record high while DAX 40 and S&P 500 continue their ascents 29 Apr 2024 10:00, GMT
Will Inflation Concerns Rattle the FOMC amid Weaker US Growth? 26 Apr 2024 15:12, GMT
​​​FTSE 100 hits yet another record high while DAX 40 and S&P 500 resume their ascents 26 Apr 2024 10:00, GMT
Australian Dollar Outlook – AUD/USD and AUD/JPY Technical and Sentiment Analysis 25 Apr 2024 19:00, GMT
STOP!

From December 19th, 2022, this website is no longer intended for residents of the United States.

Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm

By selecting the box below, you are confirming that you are not a resident of the United States.