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USD/CHF Key Levels are .9960 and 1.0205/20

USD/CHF Key Levels are .9960 and 1.0205/20

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

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 3/10 the last 2 years…at just about the same price! Near term, pay attention to the 1.0020 (now) 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 a turn higher now.

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

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