USDCHF is Bullish above 9460
240 Minute Bars
Prepared by Jamie Saettele, CMT
The plunge below 9590 eliminated the aggressive 3rd wave interpretation from that level. Still, Friday’s decline (which may have completed wave C of a flat) reversed before the June low and nearly half the decline was retraced today. I’m looking higher towards Thursday’s high at 9678 although interim resistance comes in at 9590. Bigger picture, the June decline is viewed in a corrective light.
LEVELS: 9420 9462 9525 9590 9678 9771