USD/CHF Screams Towards 7 Month Trendline
Chart Prepared by Jamie Saettele, CMT
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-The most recent remarks were that “contracting trade since March may compose a triangle, in which case USD/CHF will trade down to .9215-.9400 before finding support. The triangle line is near .9380 over the next few days.” USD/CHF ended up finding support above the ‘ideal spot of .9380 and is again approaching triangle resistance. A break above would signal that a major move higher is underway.
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