USD/CHF Next Big Area is 1.0450
Chart Prepared by Jamie Saettele, CMT
-“Low post-ECB was 12 ticks above the year open (year open is 1.0007). The action sets the stage for the next leg higher although continued failures to hold above a long term parallel indicate a high risk situation. Weakness below 1.0007 would shift focus to .9860/70 (former trendline resistance).” The leg higher in USD/CHF has materialized. The next technical barrier is 1.0450.
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