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USD/CHF Trendline is Near .9540

USD/CHF Trendline is Near .9540

2016-08-02 17:47:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF Trendline is Near .9540

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Given this long term chart, USD/CHF is in trouble on a break below .9440. The last daily update noted that “the key reversal on 7/27 and subsequent follow through suggests that USD/CHF is vulnerable.” Focus is lower until at least .9540 (trendline).

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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