Swiss Franc Focus Shifts to 9040 and 9120
60 Minute Bars
Prepared by Jamie Saettele, CMT
Bigger picture, the USDCHF rally from the August low has that 5 wave look. While each wave might not be ‘perfect’ in its individual construction, the point is that a countertrend move should be expected. Perhaps the decline from 9314 is the first leg of a larger correction – resistance comes in at 9040 and 9120.
Trend Strength (M,W,D) – 0, 0, 0
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