USDCHF Bouncing from Trendline
Prepared by Jamie Saettele, CMT
The USDCHF is in the same position as the EURUSD. A bearish triangle should be considered at this point, especially since the trendline that extends off of the January and March highs has held. A drop under 8930 exposes 8760 and 8566. 9100 and 9140 are resistance.
Bottom Line (next 5 days) – ?