USD/CHF Bounces off of Short Term 61.8% Retracement
Chart Prepared by Jamie Saettele, CMT
-“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 turned down sharply from the 200 day average. Another run at the 5 year trendline may be in the works.