Swiss Franc Reaches Support (USDCHF Resistance) Shy of 9300
60 Minute Bars
Prepared by Jamie Saettele
The USDCHF rally from the low is constructive and unfolding in an impulsive (5 waves) manner. I wrote yesterday that “exceeding 9233 would compose 5 waves from 8977 (wave iii of 3) and give scope to consolidation / pullback in wave iv of 3.” After reaching 9274, the USDCHF has pulled pack sharply this morning thus wave iv of 3 may be underway towards the 9125/60 area (Fibonacci). Watch Elliott channel support as well.
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