USD/CHF Soars Back to 200 Day Average
Chart Prepared by Jamie Saettele, CMT
-I wrote in mid- August to “pay attention to .9540/50 (now!). Weakness below here would signal the break of a 5 year trendline.” The 5 year trendline held which at least delays the immediate breakdown scenario. Swissie is testing the 200 day average, which could provide resistance for another move lower.
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