USD/CHF May 2016 High Comes into Play as Support

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-No change here as USD/CHF has tested one of the mentioned levels. I’ll note 1.0083 as a level to pay attention to for resistance. “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).”