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Swiss Franc Triple Top (USDCHF Triple Bottom) Swiss Franc Triple Top (USDCHF Triple Bottom)
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Old 04-30-2007, 09:40 AM
DailyFx's Avatar
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Default Swiss Franc Triple Top (USDCHF Triple Bottom)
The USDCHF has put in a short term triple bottom near 1.2000 and rallied through trendline resistance to test the 1.2100 figure this morning. The longer term wave structure is bullish as the decline from 1.2571 is a double zigzag (inverse of the EURUSD rally).

A longer term inverse head and shoulders pattern (May 2006, December 2006, April 2007) is also visible.
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