USD/CHF Pops into an Important Price Zone
Chart Prepared by Jamie Saettele, CMT
-The last USD/CHF update noted that “.9996-1.0019 is huge. This zone is defined by former lows and the 55 and 20 day averages.” Swissie has penetrated the bottom of its ‘huge’ zone. I’m on high alert for at least a pause over the next few days and maybe more. It should be noted that the 61.8% of the drop from 3/7 is 1.0034.
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