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USD/CHF Meanders at Trend Highs

USD/CHF Meanders at Trend Highs

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Meanders at Trend Highs

Chart Prepared by Jamie Saettele, CMT

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

-USD/CHF pullbacks are becoming shallower. Such developments indicate a strong trend but also warn of complacency and the risk of a washout before the trend can resume. As noted previously, “USD/CHF has broken out from a 7+ month triangle. The triangle breakout objective is 1.1182.”

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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