USD/CHF Rebounds from Lower Pitchfork Parallel
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-.8279 sticks out as a reaction level. This is the 61.8% retracement of the 2011-2015 rally and the 127.2% retracement of the 2014-2015 rally. Retracements of last week’s move would be of interest as resistance at .9040 (38.2%) and .9250 (50%). The former level is in line with the 2013 low at .9021.
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