USDCHF: Traded lower, to 0.9841

Jim Langlands FX Charts

USDCHF: 0.9852

US$Chf has traded lower, to 0.9841, following the FOMC, and looks heavy heading into Thursday trade ahead of today’s SNB Meeting.

1 hour/4 hour indicators: Turning lower

Daily Indicators: Neutral

Weekly Indicators: Neutral

Preferred Strategy: Although the dailies are now neutral, the short term charts are pointing lower and a test of 0.9800/0.9790 could be on the cards, below which could see a run to 0.9775. Wait for the CB meetings and go with the flow.

Resistance		Support
0.9965	(76.4% of 0.1137/0.9816)	0.9841	Session low
0.9950	Minor	0.9835	100 WMA /5 Dec low
0.9935	11 Dec high /12 Dec high	0.9827	(61.8% of 0.9742/0.9977)
0.9895	200 HMA	0.9800	Minor
0.9875	Minor	0.9790	(76.4% of 0.9742/0.9977)

Economic data highlights will include:

SNB Interest Rate Decision, Press Conference

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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