DailyBubble News
DailyBubble News

USD/CHF – Crash Territory Below

DailyFX.com reported that the USD/CHF currency pair is facing trouble as it approaches a key support level at .9440. The chart analysis by Jamie Saettele, CMT, suggests that a break below this level could lead to further downside movement. The recent key reversal on 7/27 and subsequent follow-through indicate that USD/CHF is vulnerable to more losses.

Traders are advised to monitor the .9540/50 level closely, as a breach below this area would confirm the break of a 5-year trendline. For more detailed analysis and trade setups, traders can visit SB Trade Desk.

In conclusion, DailyFX provides forex news and technical analysis to help traders navigate the global currency markets. It is recommended to practice forex trading with a free account and access trading charts from FXCM.

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