USD/CHF Short Term Internal Channel Line of Interest at 1.0045
Chart Prepared by Jamie Saettele, CMT
-There is no change as focus remains on 1.0205/21. Watch for support near 1.0045. “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 a turn higher now. Remember, USD/CHF topped on 3/11 and 3/10 the last 2 years. Might USD/CHF be set up to fail around the same date this year? .9964 is the short term pivot (below is bearish).”
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