USD/CHF First 200 Day Average Touch Since the US Election

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The last Swissie update noted that “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) is the biggest level of all.” .9885 was reached today and I’m looking for a bounce although .9960 could provide resistance now. Again, the long term trendline is near .9700.