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Swiss Franc Target at 9065

Swiss Franc Target at 9065

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_usd-chf_body_usdchf.png, Swiss Franc Target at 9065

Prepared by Jamie Saettele, CMT

“Expectations are for the USDCHF decline from the 2/6 high to complete 5 waves down. So far, there are only 3 waves down from 9263…the next level of interest on the downside is 9065.” Wednesday was marked by consolidation, which probably composes corrective wave 4. Expect a new low in wave 5 (watch 9065).

Bottom Line – flat

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