USDCHF Trendline at 9230 on Wednesday


Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Trendline at 9230 on Wednesday

Prepared by Jamie Saettele, CMT

The USDCHF correction may be complete from the 4/5 high. A break above 9222 as well as the resistance line that extends off of the January and March highs is expected. The March high is of interest at 9335 as is the 100% extension of the 8931-9334 rally, at 9405 (intersects channel resistance on April 23rd).

Bottom Line (next 5 days) – higher


DailyFX

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