USD/CHF Wedge Break Targets .9359
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.”
-“USDCHF exceeded its .9750 objective but drastic divergence with RSI on the daily along with a possible wedge formation from .9359 warn of a vulnerable market and topping process.” The wedge is valid so look towards .9359.
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