USDCHF: Resistance will be seen at 0.9350/70

Jim Langlands FX Charts

USDCHF: 0.9295

US$Chf had a choppy Wednesday, rising to 0.9373 before reversing to a low of 0.9285, and at the end of the session the dollar is closing near the lows.

1 hour/4 hour indicators: Turning lower.

Daily Indicators: Turning higher

Weekly Indicators: Turning lower

Preferred Strategy: The short term momentum indicators are looking heavy, and below 0.9285 opens up the Feb low of 0.9250, below which there is little support ahead of 0.9150.

On the topside, resistance will be seen at 0.9350/70 although above here looks unlikely today. If wrong, further offers will arrive near 0.9400 and above this would allow a move back towards 0.9470

Sidelined.

Resistance		Support
0.9403/08	12 Feb high/9 Feb high	0.9284	Session low
0.9397	13 Feb high	0.9250	2 Feb low
0.9373	Session high	0.9220	Minor
0.9365	100 HMA/200 HMA	0.9200	Minor
0.9350	Minor	0.9150	14 June 2015 low

Author

Jim Langlands

FX Charts

Jim Langlands began his trading career in the commodities markets in London in 1976, before moving to Australia in 1979 to work as a floor trader on the Sydney Futures Exchange.

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