USD/CHF Former Resistance is in the .9950s
Chart Prepared by Jamie Saettele, CMT
-“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.” I still don’t have confidence in any direction for USD/CHF and haven’t for years. Levels to pay attention to are former resistance at .9960 and the long term trendline near .9700. Weakness below .9700 would suggest that USD/CHF is headed below .9440 (2016 low).