USD/CHF Fails on Initial Attempt at .9786
Chart Prepared by Jamie Saettele, CMT
-As noted in the last update “a push through .9690 would be viewed in a bullish light. Until then, pressure is lower.” The push through .9690 materialized. Weakness from the November 2015 high has taken the shape of a wedge. A break through wedge resistance (currently near .99) could launch a major advance.
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