Tanalys

USD/CHF Opens at Low and Rebounds

Weekly

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

USDCHF gapped lower and opened several pips from its low before rallying to close New York trading several pips from its high.

-The weekly low for August (.9227) served as support as did the line that extends off of the 8/20 and 8/28 lows.

-Price is again trading around the line that extends off of the October 2011 and January 2013 lows.

Trading Strategy: Flat

LEVELS: .9146 .9173 .9245 | .9295 .9340 .9396

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