Weekly
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
–USDCHF broke under the June low and is nearing the year to date low of .9024. The last possible support before the low is .9085 (close of 2/1 low).
-Also of interest is the line that extends off of the February 2012 and January 2013 lows.
-.9180 is potential resistance on a bounce.
Trading Strategy: In general, EUR and CHF are acting well. Look for long opportunities on EUR and CHF against commodity FX, in particular CAD, which show evidence of reversing.
LEVELS: .8933 .9024 .9085 | .9182 .9233 .9278