USD/CHF Breaks Bearish Slope; .9250 is Key to Upside
Chart Prepared by Jamie Saettele, CMT
-“Is USDCHF leading? Lower highs and lower lows since February along with a bearish daily RSI profile indicate potential for something bigger on the downside (think .8600). USDCHF also continues to respect bearish slope with uncanny precision.”
-Today’s (6/23) move may indicate an important change in behavior.” A short term trendline is in play at today’s (6/25) high. If the broader move is higher, then .9215/50 should provide support.
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