USD/CHF Takes Out October 2015 Low and Reverses
Chart Prepared by Jamie Saettele, CMT
-The last update noted that “the near term picture is unclear although weakness from the November 2015 high is still a possible wedge. A break through wedge resistance (currently below .99) could launch a major advance.” Today’s low is about as far as USD/CHF can go if price action from the November high is a wedge. Failure to hold here would risk weakness to the May 2015 low near .9070.
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