USD/CHF Classical Technical Report 04.02
USD/CHF: While our core bias remains constructive with eventual gains seen back above parity over the coming months, the market remains under pressure over the shorter-term. From here, there are risks for additional declines back below recent lows at 0.8930, but ultimately we see the 200-Day SMA by 0.8850 supporting. Ultimately, only a daily close below 0.8850 would give reason for concern.
--- Written by Joel Kruger, Technical Currency Strategist
To contact Joel Kruger, email firstname.lastname@example.org. Follow me on Twitter @JoelKruger
To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to email@example.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.