USD/CHF - .9996-1.0019 is Well-Defined for Resistance
Chart Prepared by Jamie Saettele, CMT
-The last USD/CHF update noted that “trend is lower towards the 6 year trendline…risk remains for lower levels as per the drop under .9964 (watch that level for resistance).” .9964 may still provide resistance BUT .9996-1.0019 is huge. This zone is defined by former lows and the 55 and 20 day averages.
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