USD/CHF Trades around 200 Day Average; Watch .9380s Now
Chart Prepared by Jamie Saettele, CMT
-Remember, contracting trade since March may compose a triangle, in which case USDCHF will trade down to .9215-.9400 before finding support. The triangle line is near .9380 over the next few days. A break below there wouldn’t negate the idea that a triangle is forming from the March high. Rather, it would simply suggest that the triangle is larger than previously thought.
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