Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
USD/CHF May High Doing its Part; .9850 Might Be Bigger

USD/CHF May High Doing its Part; .9850 Might Be Bigger

Jamie Saettele, CMT, Sr. Technical Strategist

Share:

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-USD/CHF is holding former resistance (May 2016 high). As long as this is the case, it’s OK to look higher but 1.0083 is a level to pay attention to for resistance. Weakness below .9960 probably opens up .9885, which might be more important given the proximity of the September high and 200 day average. .9700 (6+ year trendline) the biggest level of all.

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

DISCLOSURES