USD/CHF Pressing the Issue on Yearly Range
Weekly
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-USDCHF broke under the June low and is nearing the year to date low of .9024. The last possible support before the low is .9085 (close of 2/1 low).
-Also of interest is the line that extends off of the February 2012 and January 2013 lows.
-.9180 is potential resistance on a bounce.
Trading Strategy: In general, EUR and CHF are acting well. Look for long opportunities on EUR and CHF against commodity FX, in particular CAD, which show evidence of reversing.
LEVELS: .8933 .9024 .9085 | .9182 .9233 .9278
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