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USD/CHF .9900/40 May Provide Support for This Pullback

USD/CHF .9900/40 May Provide Support for This Pullback

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

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-There is no change to the previous comments regarding USD/CHF other than noting that .9900/40 is support for the pullback and that weakness below that zone would alter the landscape. “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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