USD/CHF Bear or Bottom?
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-As noted in recent updates, “the next big support may not be until near .9400 (longer term internal trendline). The contracting nature of the decline since November indicates potential for a wedge to form. The underside of the recently broken 8 month trendline and recent lows has held as resistance at .9661.” A push through .9690 would be viewed in a bullish light. Until then, pressure is lower.
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