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

21 Mar 2018

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.