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USD/CHF Year Open Should be Watched for Support Near Parity

USD/CHF Year Open Should be Watched for Support Near Parity

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

The breakout from the multi-month triangle remains valid but the comments in the EUR/USD section regarding non-confirmation warn of at least a minor turn lower in the USD. Monitor the year open (near parity) for support. As a reminder, the objective from the breakout is 1.0350.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.