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USD/CHF Consolidates after Triangle Breakout

USD/CHF Consolidates after Triangle Breakout

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-There is no change to the previous comments regarding USD/CHF. “USD/CHF has broken out from a 7+ month triangle. The rate has stalled at the year open price. If this breakout is going to lead to a major advance, then the top side of the triangle resistance line may provide support if reached. That line is currently below .98. The triangle breakout objective is 1.1182.”

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