USD/CHF Consolidates after Bullish Wedge Breakout
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.” USD/CHF broke through the wedge so the ‘major advance’ may be underway. Near term, the year open price at 1.0007 could provide resistance.
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