Swiss Franc to Record High (USDCHF Low)
Prepared by Jamie Saettele
The USDCHF has traded to a record low and as mentioned in recent days – “a downside break would shift focus to round figures such as 9100 and 9000 (but also complete 5 waves down from 9775).” This break lower may be from a triangle pattern, which are terminal patterns. Still, only a move above 9369 would begin to suggest that a low has formed.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.