FX:USDCHF   U.S. Dollar / Swiss Franc
38 7 2
Bearish wedge broken,
let's see 0.96000 can hold
It'll come down hard. :)
+1 Reply
jangseohee IvanLabrie
0.96, then 0.94 then 0.91 if broken down
+1 Reply
jangseohee IvanLabrie
but base on my symmetry USD play by FEd, there is another decade term resistance up there
+1 Reply
IvanLabrie PRO jangseohee
Similar to the wedge in EURUSD, don't you think?
Correlation is inverse, but tight.
Reply
jangseohee IvanLabrie
YUP
when USD is strongest, it can fight all other currencies, when it gets weak, the rest of the currencies take revenge
i c why Abe bend on making Yen lower and capitulate, SO THAT it can rebound faster and beat the S$%^ out of USD :-)
Reply
IvanLabrie PRO jangseohee
Hehe...we'll see how long it lasts, for now I remain bear on usd.
Reply
jangseohee IvanLabrie
for sure man, and it will be pretty decent correction
Reply
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