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USDCHF Support Cluster Still Holding Strong

USDCHF Support Cluster Still Holding Strong

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Support Cluster Still Holding Strong

Prepared by Jamie Saettele, CMT

The confluence of 4th wave Elliott channel support and top side of former base channel continue to hold. As long as price is above the Sunday high, risk is for higher prices towards 9660. What’s more, Wednesday’s low is in line with the 6/7 low at 9513 (Wednesday low was 9521).

LEVELS: 9440 9475 9520 9565 9660 9710

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