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FOMC leaves rates unchanged as expected; SEPs show Fed to keep rates on hold through 2020

US Dollar / Swiss Franc 03-17

US Dollar / Swiss Franc 03-17

2010-03-17 15:55:00
Jamie Saettele, CMT, Sr. Technical Strategist
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 DT317usdchf

Like the EURUSD (but as the inverse), I favor USD strength in a 5th wave to a new high. Price needs to remain above 10500 in order to keep the bullish count valid. In other words, the USDCHF has gone about as far as it can go if the trend is up.

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.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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