Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
–USDCHF is trading at the line that extends off of the 2012 and 2013 (February) lows and is nearing the year to date low of .9024.
-The 2/1 close at .9074 is the final possible support prior to the low at .9024. Wednesday’s low was .9077. A bounce from here
-USDCHF slipped below last week’s low on Wednesday while EURUSD stayed below its high. The divergence is subtle but it’s there.
Trading Strategy: In general, EUR and CHF are acting well. Look for long opportunities on EUR and CHF against commodity FX. Here is a NZDCHF example from Wednesday.
LEVELS: .8933 .9024 .9078 | .9146 .9182 .9233