USD/CHF Rolls Over; Look Towards .8945

By DailyFx | June 12, 2014 AAA

DailyFX.com -

Daily

USD/CHF Rolls Over; Look Towards .8945

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“The near term path is higher above .8896 but USDCHF faces a load of levels up to .9020 (200 DMA is now, and the February 2013 low is at .9021). Below .8896 would likely give way to .8860.”

-A high was registered just above .9021 after ECB and the reversal took out the prior 8 days’ highs and lows. Failure to follow through (lower) on the reversal leaves .8907 as an important pivot. .8945 is possible support above that level.

LEVELS: .8863 .8915 .8945 | .8986 .9005 .9036

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

comments powered by Disqus
Related Forex Analysis
  1. USD/CHF consolidating below 0.9550
    Forex News

    USD/CHF consolidating below 0.9550

  2. SNB in no hurry to hike - Goldman Sachs
    Forex News

    SNB in no hurry to hike - Goldman Sachs

  3. USD/CHF Technical Analysis: Pullback Sought to Get Long
    Forex News

    USD/CHF Technical Analysis: Pullback Sought to Get Long

  4. USD/CHF .9580 is a Reaction Level within Range
    Forex News

    USD/CHF .9580 is a Reaction Level within Range

  5. USD/CHF eases from weekly highs
    Forex News

    USD/CHF eases from weekly highs

Trading Center