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ECB leaves monetary policy unchanged

USD/CHF – Pay Attention to .9786

USD/CHF – Pay Attention to .9786

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF – Pay Attention to .9786

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.9540 (trendline). Watch for resistance near .9786.

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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