Prepared by Jamie Saettele, CMT
“The USDCHF has responded to the April pivot of 9251. Still, treat strength as corrective until evidence is sufficient to warrant a bullish bias. The next bearish level of interest is the gap from May at 9184. After trading into congestion from the 9/12 and 9/13 highs, the USDCHF spent most of Monday trading lower. Favor the downside below Monday’s high (9391). Exceeding that level would shift focus to 9410/30.
LEVELS: 9238 9284 9319 9391 9420 9483