USD/CHF .8910 Back in Focus as Support
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) has given way to a larger dip. .8910 is possible support.
LEVELS: .8859 .8914 .8967 | .9005 .9039 .9084
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