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USDCHF 9500 Now Expected Support

USDCHF 9500 Now Expected Support

2012-05-28 17:48:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF 9500 Now Expected Support

Prepared by Jamie Saettele, CMT

The USDCHF has traded to the January high, thus triggering its intra-year reversal. This level however is a good place for price to consolidate before the larger bull trend resumes. Expect support at 9499 and 9438 (watch the topside of the former base channel too) this week.

LEVELS: 9325 9370 9440 9500 9610 9785

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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