USD/CHF Oscillates around Long Term Trendline
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-After spiking above trendline resistance, USDCHF put in a Monday reversal in an environment that is best described as emotional. Moreover, this area is defended by the 2008 low at .9647.
-.9430/60 is still estimated support but the decline already consists of 3 waves and channels in a corrective manner. Such evidence is bullish.
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