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USDCHF Short Term Support at 9555

USDCHF Short Term Support at 9555

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Short Term Support at 9555

Prepared by Jamie Saettele, CMT

“The confluence of 4th wave Elliott channel support and top side of former base channel held like a rock on Sunday. 9590 is initial support and the first level that may produce a reaction as resistance is 9660 (Friday high). The RSI reversal signal is bullish.” 9590 held Tuesday (low was 9584) but additional support comes in at 9555 if needed.

LEVELS: 9520 9555 9584 9650 9675 9710

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

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