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USD/CHF – 3rd Test of Resistance Line Since July

USD/CHF – 3rd Test of Resistance Line Since July

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF – 3rd Test of Resistance Line Since July

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Since May, USD/CHF has bounced between a 5 year trendline and parallel that relates to the November 2015-January 2016 trendline. A break of one of these barriers will indicate that the range underway since May is complete and that the next directional move is underway. Resistance levels to be aware of are .9850 and .9950.

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.

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