USD/CHF Nears Important Support Line
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“USDCHF has traded into median line support and former congestion (.9300-.9430). Start looking higher again. .9580 is resistance within the range and .9400/30 is support. A target level in the event of a new high is .9750.”
-“The high so far is .9740. 5 waves up at multiple degrees of trend warns of a countertrend move (lower).” The market has pulled back but a corrective decline could near .9440/65.
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