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US Dollar / Swiss Franc 03-05

US Dollar / Swiss Franc 03-05

2010-03-05 15:39:00
Jamie Saettele, CMT, Sr. Technical Strategist
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usdchf0305
The decline from the 10900 high February can be counted as a 3 wave setback and the rally from the low (10646) may be an impulse.  The other count is a double zigzag (a-b-c-x-a-b-c).  Confusion reigns at this point and the key levels are 10646 and 10900.  Watch for support at 10710 and 10750.    
 
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 at the DailyFX Forum.  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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