USDCHF 9500 Remains of Interest as Support
Prepared by Jamie Saettele, CMT
Be sure to stay abreast of the current interpretation of wave structure in risk. As the opposite of the EURUSD, the USDCHF analysis is the exact opposite. That is, price has declined into support from the 5/24 low and 20 day average. Longs off of this level could work but fading the weekly trend (high on Monday) is often difficult. As such, don’t dismiss potential for a run at channel support and the 5/18 high at 9470/9500 tomorrow. One strategy is to scale into longs on a test of 9500 for a rally week.
LEVELS: 9440 9470 9500 9575 9630 9680
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