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USD/CHF – Tripped Up Before 200 Day Average

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Given this long term chart, USD/CHF is in trouble on a break below .9440. The last daily update noted that “the key reversal on 7/27 and subsequent follow through suggests that USD/CHF is vulnerable.” Focus is lower until.9540/50 (trendline).

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


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