USD/CHF .9650 is Important to Integrity of Uptrend
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 and USDCHF reversed sharply. The rate does remain within the confines of an uptrend however. That uptrend would be broken on a drop below .9650 (if it happens Friday…the line is higher each day).