Daily
![USD/CHF .9350 Sticks Out as Resistance](https://media.dailyfx.com/illustrations/2015/01/27/eliottWaves_usd-chf_body_Picture_4.png)
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-.8279 sticks out as a reaction level. This is the 61.8% retracement of the 2011-2015 rally and the 127.2% retracement of the 2014-2015 rally. Retracements of last week’s move would be of interest as resistance at .9132 (38.2%) and .9340 (50%). The latter level is in line with the October 2014 low at .9359 and median line from the structure that capture the low after the SNB shocker.
--Tradingideas are availabletoJ.S. Trade Desk members.
original source