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USD/CHF Coming into a March Top…Again?

USD/CHF Coming into a March Top…Again?

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Since finding low at the 200 day average and September 2016 high, Swissie has rebounded but March is just around the corner. This is interesting because USD/CHF has topped on 3/11 and 3/9 the last 2 years…at just about the same price! Near term, pay attention to the 1.0020/40 zone for support. If USD/CHF is going to stretch into 1.0200 before putting in a top (2 equal legs up at 1.0221), then I’d expect the noted zone to hold.

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