Swiss Franc Breaks Trendline
Prepared by Jamie Saettele
The strong USDCHF rally inspires confidence in the bullish count. Price has rallied to exceed its 50 day average (intraday). The 50 day and former support may see some sellers in the 9600/20 region. 9300 remains the critical level although the pair should remain above 9420 if the larger bullish count is correct.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.