Tanalys

USD/CHF Drifts off of 2012 Low; Former Lows Now Resistance

Weekly

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

After trading into late August lows, the USDCHF reversed sharply and made an outside week.

-Price is once again below the line that extends off of the 2012 and January lows.

-Price has dipped below the 2012 low. There is an uncovered close from November 2011 at .8847.

Former lows at .8965 and .9000 are now resistance.

Trading Strategy: Flat

LEVELS: .8761 .8799 .8847 | .8965 .9004 .9044

Exit mobile version