Chart Prepared by Jamie Saettele, CMT
-I wrote previously that “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.” Swissie has turned up so focus is on the mentioned zone. 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 near this year? 1.0009 is the short term pivot.