USDCHF Takes 20 day Average
Prepared by Jamie Saettele, CMT
Focus is higher towards 9660 and 9713 this week and a break above 9771 is expected in July. What is up in the air is whether or not the advance continues from above 9550 (Monday low). In other words, either a small 2nd wave is in place at Friday’s low or the USDCHF will dip below that level before accelerating higher towards mentioned levels. The question is largely academic as both scenarios ultimately point higher.
LEVELS: 9500 9540 9585 9650 9713 9770
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