Swiss Franc Reverses Sharply at Channel
Prepared by Jamie Saettele, CMT
The USDCHF is working on an impressive daily reversal (and outside day). The short term pattern will be examined at the end of day but the development demands respect as the high is right at channel resistance. Monday’s low at 9250 serves as the pivot for a change in the larger trend. This level is reinforced by the 20 day average and channel support. Interim support is 9330/90.