USD/CHF Follows Through on Key Reversal at Channel Resistance
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-“The 5 year trendline held in USD/CHF which at least delays the immediate breakdown scenario. Swissie is testing the 200 day average, which could provide resistance for another move lower.” USD/CHF has indeed turned down from the 200 day average. Another run at the 5 year trendline may be in the works.
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.