USD/CHF 200 Day Average Just Under the Market
Chart Prepared by Jamie Saettele, CMT
-“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).” The top came early this year (3/7) and price has traded below .9964. As such, trend is lower towards the 6 year trendline although the 200 day average is just below the market and could influence for some back and fill.
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