USD/CHF Holding 200 Day Average after the Gap Fill

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-No change to USDCHF comments other than noting that the recent low also filled a gap from November. The thinking is that this fortifies the level as support. “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.” I’m looking for a bounce. Again, the long term trendline is near .9700.