USD/CHF Coming into a March Top…Again?
Chart Prepared by Jamie Saettele, CMT
-Since finding low at the 200 day average and September 2016 high, Swissie has rebounded but March is just around the corner. This is interesting because USD/CHF has topped on 3/11 and 3/9 the last 2 years…at just about the same price! Near term, pay attention to the 1.0020/40 zone for support. If USD/CHF is going to stretch into 1.0200 before putting in a top (2 equal legs up at 1.0221), then I’d expect the noted zone to hold.
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