4Hour
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–Keep in mind that the first day of the month remains the low for the month at .9064.
–USDCHF reversed just after dipping below the 11/4 low at .9091.
-Estimated resistance within the range is .9207. and estimated support is .9122.
Trading Strategy: Like the EURUSD and GBPUSD, long USD here could work but the trade seems forced. Not yet (for me at least).
LEVELS: .9044 .9095 .9122 | .9179 .9229 .9250
— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com