Swiss Franc Focus Remains on Long and Short Term Channels
Prepared by Jamie Saettele, CMT
Look higher in the USDCHF as long as the short term bullish channel holds. Focus is on the long term channel resistance, which is at 9485 this week. Levels to keep in mind over the next few weeks are the April high at 9338 and 50% retracement of the decline from 11731, at 9399.
Trend Strength (M,W,D) – 0, 1, 1