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USD/CHF Stationary Following Slope Line Breakout

USD/CHF Stationary Following Slope Line Breakout

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Stationary Following Slope Line Breakout

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.” .9950s is all that’s in the way of a more important USD/CHF breakout. Watch for support at .9820/40.

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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