Swiss Franc Elliott Channel Suggests Test of 9550
300 Minute Bars
Prepared by Jamie Saettele, CMT
The USDCHF carved out a key reversal yesterday but the decline is corrective and fits as a 4th wave correction within the 5 wave pattern from 9064. Price is holding the Elliott channel and former 4th wave support (9342) as well. The implications are for a final high (above 9546) before a larger decline.
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