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alan3cA
Mar 21, 2018 7:13 AM

USDCHF - Buy at .9545 and .9526 (stop .9494) Long

U.S. Dollar/Swiss FrancFXCM

Description

Contrary to yesterday's call, 2 days of indecisive price action was followed by a renewal of investor buying interest. The most positive prices for 8 week were posted as the resulting demand took the currency pair towards a test of a 50% correction of the Dec-Feb decline. Overbought extremes are an increasing concern but despite a decline in Asia this morning’s call is a Buy at .9545 but leaving room to also buy a .9526, intraday Marabuzo line, dip. The risk is .9494, this week's base, with upside targets of yesterday's .9570 high, .9592 and .9622.
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