Dollar Franc Faces Trendline Resistance
Prepared by Jamie Saettele, CMT
The USDCHF is the exact opposite of the EURUSD. It is possible that the USDCHF decline from the January high is complete in a corrective 3 waves. A break above trendline resistance (just above current price) would increases confidence in the larger bullish bias. Support extends to 9085 and a bullish bias is warranted against 9020. 9400 is an objective above 9300.
Bottom Line - higher
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