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USD/CHF Nears Ascending Triangle Breakout Level

USD/CHF Nears Ascending Triangle Breakout Level

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Nears Ascending Triangle Breakout Level

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.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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