Tanalys

USD/CHF Teeters on the Edge of a Cliff

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

USDCHF is trading below the line that extends off of the 2012 and 2013 (February) lows and has traded to a new low for 2013.

-The monthly pivot zone is .9110-.9237. The pivot is .9174, which is in line with the 8/27 and 8/28 lows.

Trading Strategy: In general, EUR and CHF are still acting well. Look for long opportunities on EUR and CHF against commodity FX. EURAUD is a prime candidate.

LEVELS: .8900 .8933 .9000 | .9070 .9146 .9180

Exit mobile version