USD/CHF Meanders at Trend Highs
Chart Prepared by Jamie Saettele, CMT
-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.”
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.