USD/CHF – Pay Attention to .9786
Chart Prepared by Jamie Saettele, CMT
-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.9540 (trendline). Watch for resistance near .9786.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.