usd-chf

The USDCHF has broken above its multi month channel resistance. The USDCHF short term count is similar to the EURUSD short term count in that they both may have completed expanded flats as wave 2 or B corrections. Favor the upside against the low (1.0030).

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.  Send requests to receive his reports via email to jsaettele@dailyfx.com.
 

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