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USD/CHF - .9926/60 is Final Barrier Before the March Low

USD/CHF - .9926/60 is Final Barrier Before the March Low

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-The last update noted that “Swissie is testing the 2017 trendline (line off of January and March highs) so this is a last chance of sorts for a turn lower.” Today’s drop has finally separated USD/CHF from the trendline. The final barrier support is probably the 61.8% of the rally from the March low at .9926. Weakness below there would suggest that the 6 year trendline is going to be tested again.

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