USD/CHF Breaks above Trendline; Median Line Test Coming
Chart Prepared by Jamie Saettele, CMT
-“USDCHF cleared the 61.8% retracement and 4/23 high so focus is on the April high at .9862. The 78.6% retracement of the decline from the March high is also of interest at .9900.” .9900 was reached today. The median line from the structure that defines the move over the last several months is slightly higher as well (at about .9940 on Wednesday).