USDCHF May 21 Low at 9367 Remains of Interest
Prepared by Jamie Saettele, CMT
The USDCHF is has reached the -2nd standard deviation Bollinger band (20 day), which has pinpointed lows since the 2012 top was set in February. Unlike the EURUSD however, the USDCHF has yet to reach its base channel (as support). In any case, the inside day at the Bollinger band does present a long opportunity against Monday’s low for a test of 9560/80. Weakness below Monday’s high would shift focus to the 100% extension and 5/21 low at 9350/67.
LEVELS: 9305 9365 9420 9493 9563 9595
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