USD/CHF Double Inside Day; Ready to Rip or Slip
Chart Prepared by Jamie Saettele, CMT
-The most recent USD/CHF comment noted that “1.0212/40 (78.6% retrace and Jan 2015 high) is the next area that could derail the rally.” USD/CHF is having trouble at the mentioned zone. A double inside day indicates a tight short term consolidation that could lead to the next directional move.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.