Swiss Franc Unchanged
Prepared by Jamie Saettele
The USDCHF has held above last Thursday’s panic low for 3 days now. I am not advocating a long but I wouldn’t be short here either. Like the USDJPY, such panic moves often mark important lows. A triangle measurement reveals an objective at 8800 (161.8% extension). This latest upward drift may compose a small triangle. The implications are for a thrust to a new low before a more substantial recovery.
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