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Market Analysis

Home » Technical Analysis » USDCHF Will Make New High

USDCHF Will Make New High

Posted by ewforecast in Technical Analysis - May 26th, 2015 2:33 pm GMT

USDCHF Daily

USDCHF Daily Elliott Wave Analysis

USDCHF has been trading down for the past few weeks, after it moved very close to the January highs at the start of March. But despite lower prices, we think that those levels from January could be re-tested as latest decline from 1.1030 is slow and in three waves. Ideally that’s a corrective wave that will send price to 1.0300/1.0400 once the upper line of corrective channel is taken out.

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