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Swiss Franc December Pivot at 9176 is of Interest

Swiss Franc December Pivot at 9176 is of Interest

2012-01-25 23:25:00
Jamie Saettele, CMT, Sr. Technical Strategist
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240 Minute Bars

eliottWaves_usd-chf_body_usdchf.png, Swiss Franc December Pivot at 9176 is of Interest

Prepared by Jamie Saettele, CMT

The USDCHF is nearing potential support from the 12/8 low at 9176. Resistance for Friday is 9245/65 and only a move above 9339 would indicate potential for a recovery back towards 9400. While just intraweek at this point, it is worth noting that price is below its 13 week average for the first time since September.

Bottom Line – flat

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