USD/CHF Follows Through on Triangle Breakout
Chart Prepared by Jamie Saettele, CMT
-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.”
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.