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USD/CHF Short Term Internal Channel Line of Interest at 1.0045

USD/CHF Short Term Internal Channel Line of Interest at 1.0045

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change as focus remains on 1.0205/21. Watch for support near 1.0045. “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. Remember, USD/CHF topped on 3/11 and 3/10 the last 2 years. Might USD/CHF be set up to fail around the same date this year? .9964 is the short term pivot (below is bearish).”

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

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