USD/CHF Key Reversal at Channel Resistance
Chart Prepared by Jamie Saettele, CMT
-I wrote in mid- August to “pay attention to .9540/50 (now!). Weakness below here would signal the break of a 5 year trendline.” The 5 year trendline held which at least delays the immediate breakdown scenario. Today’s reversal at the 200 day average / channel may lead to the next breakdown attempt.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.