USDCHF Long Term Bullish Consolidation
Prepared by Jamie Saettele, CMT
A test of 9400 is favored as long as price is above the April low of 9001. Much like the EURUSD and 13210, a USDCHF test of 9090 can’t be ruled out before the turn higher. When viewed in a longer term context, the sloppy price action of recent weeks likely serves as nothing more than the final phase of consolidation before a major bull move. 13 and 52 week averages are on the chart.
Bottom Line (next 5 days) – higher
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