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USDCHF Enters Support Zone

USDCHF Enters Support Zone

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Enters Support Zone

Prepared by Jamie Saettele, CMT

“Friday’s decline (which may have completed wave C of a flat) reversed before the June low, which keeps me looking higher towards Thursday’s high at 9678. Interim support comes in at 9590. Bigger picture, the June decline is viewed in a corrective light and probably a 4th wave. Near term support extends to 9500.

LEVELS: 9420 9462 9500 9590 9678 9771

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

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