USDCHF Remains Bullish against 9000
Prepared by Jamie Saettele, CMT
A test of 9400 is favored as long as price is above the April low of 9001. 12880-12900 intersects channel support late this week. Given the correlation to the EURUSD and tomorrow morning’s (430 am EST) Spanish auction, don’t dismiss the potential for a test of 9090 before the next bull leg.
Bottom Line (next 5 days) – higher
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