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USD/CHF – 5 Year Support Line in Focus Again

Jamie Saettele, CMT

DailyFX.com -

Daily

USD/CHF – 5 Year Support Line in Focus Again
USD/CHF – 5 Year Support Line in Focus Again

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Since May, USD/CHF has bounced between a 5 year trendline (support) and parallel that relates to the November 2015-January 2016 trendline. A break of one of these barriers will indicate that the range underway since May is complete and that the next directional move is underway.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk


original source

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