Swiss Franc Focus is on 9784 (January High)
Prepared by Jamie Saettele
The strong USDCHF rally inspires confidence in the bullish count. Price has rallied to exceed both its 20 and 50 day averages and focus is now on the January high of 9784. I wrote yesterday that “with the EURUSD appearing as though it is closer to a top than a bottom – do not dismiss the potential for strength from the current level.” Price ideally remains above 9550 near term.
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