Dollar Franc Breaks 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. The break above trendline resistance increases confidence in the 3 wave interpretation. Near term, expect a correction to take hold as the advance from 8930 is in 5 waves. A return to 9105 (former 4th wave) is likely.
Bottom Line (next 5 days) - higher
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