Swiss Franc Support (USDCHF Resistance) from Monday Pivot
240 Minute Bars
Prepared by Jamie Saettele, CMT
The USDCHF fell nearly 2% in January and the near term pattern is the exact inverse as the EURUSD. That is, the rally from the low is in 3 waves to this point which is corrective and leaves price vulnerable to additional losses towards the 11/30 low at 9065.
Bottom Line – flat
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