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USD/CHF – Pay attention to .9950s and 1.0200

USD/CHF – Pay attention to .9950s and 1.0200

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-USD/CHF levels on the downside 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). On the upside, 1.0200 sticks out as possible resistance. If a top is forming (head and shoulders), then that’s where resistance would probably register.

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

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