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USD/CHF First Test of Strength from 200 Day Average is Now

USD/CHF First Test of Strength from 200 Day Average is Now

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF First Test of Strength from 200 Day Average is Now

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-USD/CHF support has held and the expected bounce is materializing. 2 levels to be aware of for resistance are 1.0020/45 (now) and 1.0094. Given where Swissie has turned up (200 day average and the September high), it’s important to respect potential for a re-test of early year highs. Bigger picture, .9700 (6+ year trendline) is the biggest level of all.

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

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