USD/CHF May 2016 High Comes into Play as Support
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USD/CHF May 2016 High Comes into Play as Support

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USD/CHF May 2016 High Comes into Play as Support

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-No change here as USD/CHF has tested one of the mentioned levels. I'll note 1.0083 as a level to pay attention to for resistance. "USD/CHF levels on the downside to pay attention to are former resistance at .9960 and the long term trendline near .9700. Weakness below .9700 would suggest that USD/CHF is headed below .9440 (2016 low)."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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