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USD/CHF .9800 May Provide Range Resistance

USD/CHF .9800 May Provide Range Resistance

Jamie Saettele, CMT, Sr. Technical Strategist


USD/CHF .9800 May Provide Range Resistance

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-No change here. “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.

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.