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USDCHF 9680-9715 is Support

USDCHF 9680-9715 is Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF 9680-9715 is Support

Prepared by Jamie Saettele, CMT

Near term weakness should present a long opportunity. Congestion late last week at 9715-9680 (also 6/28 high) is now support. Focus remains on 9900. “The November 2009 (and all of 2009) low at 9918 is joined by the 161.8% extension of 9420-9678 / 9463 at 9880. The 61.8% extension of waves i-iii comes in at 9896. In other words, the 9900 area is one of interest.

LEVELS: 9650 9680 9715 9800 9900 10065

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