Tanalys

USD/CHF Trades Below 2012 Low; a Chart Level is at .8847

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.

The post NFP spike low and 15 minute close at .8962/90 is resistance.

Trading Strategy: Flat

LEVELS: .8761 .8799 .8847 | .8965 .9000 .9044

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