USD/CHF Brushes against Line that Defines Move From December Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-On 12/27, USDCHF spiked to its lowest level since November 2011. The advance from the 12/27 low is impulsive (5 waves). As such, it’s possible that an important low is in place.
-The rejection at former lows (June and August lows) could give way to a larger dip. .8910 is still possible support.
LEVELS: .9002 .9031 .9080 | .9132 .9190 .9249
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