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USD/CHF Test for the Rally is at .9786

USD/CHF Test for the Rally is at .9786

Jamie Saettele, CMT, Sr. Technical Strategist


USD/CHF Test for the Rally is at .9786

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-As noted in the last update “a push through .9690 would be viewed in a bullish light. Until then, pressure is lower.” The push through .9690 materialized. Weakness from the November 2015 high has taken the shape of a wedge. A break through wedge resistance (currently near .99) could launch a major advance.

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.