Chart Prepared by Jamie Saettele, CMT
-I wrote last update that "2 levels to be aware of for resistance are 1.0020/45 (now) and 1.0094. Given where Swissie has turned up (200 day average and the September high), it's important to respect potential for a re-test of early year highs." USD/CHF traded through the mentioned levels and I'd actually watch for support now between .9996 and 1.0019. 1.0122 (1/19 high) is possible resistance.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from IG .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.