Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-The same momentum considerations that apply to EURUSD apply to USDCHF (the March price low occurred with RSI above 30).
-.8745 (3/13 close) has provided support. Exceeding trendline resistance would make the case that an important low is in place. Until then, the market is pressured lower. The 4/11 close at .8759 remains uncovered (gap).
LEVELS: .8727 .8759 .8786 | .8823 .8849 .8915
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.