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USD/CHF Mid-1.0400s Could Provide Resistance

USD/CHF Mid-1.0400s Could Provide Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“The leg higher in USD/CHF has materialized. The next technical barrier is 1.0450.” Continue to be aware of 1.0450 or so but the continued failures above 1.0300 don’t exactly inspire confidence in the upside. Weakness below 1.0030 is needed in order to suggest a broader reversal.

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

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