USD/CHF – Crash Territory Below
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.” Near term, pay attention to .9540/50 (now!). Weakness below here would signal the break of a 5 year trendline.