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USD/CHF Possible Trendlines between 1.0080 and 1.0100

Jamie Saettele, CMT

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USD/CHF Possible Trendlines between 1.0080 and 1.0100

Chart Prepared by Jamie Saettele, CMT

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-The last USD/CHF update noted that “I’m on high alert for at least a pause over the next few days and maybe more. It should be noted that the 61.8% of the drop from 3/7 is 1.0034.” The Fibonacci retracement is acting as resistance didn’t do much and focus now shifts to proposed trendlines (just as EUR/USD trendlines are lower) near 1.0100. If price does turn down, then pay attention to .9930/60 (200 day average and 2/17 low) for a reaction.

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