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USD/CHF Fails on Initial Attempt at .9786

USD/CHF Fails on Initial Attempt at .9786

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Fails on Initial Attempt 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

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