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USDCHF Returns to Sunday Open Level

USDCHF Returns to Sunday Open Level

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Returns to Sunday Open Level

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.” This remains a possible outcome as long as price remains above 9475. A drop below there would probably trigger losses towards 9367 (5/21 low and the 100% extension of the 9771-9475 decline from 9650 is at 9354). 9530/40 is short term support.

LEVELS: 9365 9400 9475 9530 9575 9595

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