USD/CHF: Levels, Ranges, Targets

USD/CHF is another pair ready for a big move ahead. Let me offer the pairs, EUR/USD, EUR/CHF, EUR/JPY, EUR/NZD, EUR/GBP,

Then the GBP pairs beginning with GBP/USD, GBP/JPY, GBP/CHF, GBP/CAD, GBP/NZD, GBP/AUD. The pair to lead the way is clearly GBP/JPY.

AUD Pairs in AUD/USD, AUD/JPY, AUD/CHF, AUD/NZD will continue to range around without big moves expected.

USD/JPY is set for a big move as well as CAD/JPY. CHF/JPY is set for a big move.

USD/CHF. Two big break points exist above 0.9757 and 0.9783. Then 1.0121 and the big break below at 0.9379.

From current 0.9751, trends begin above at 0.9800 and 0.9829 V below 0.9767 and 0.9686.

To Rise, USD/CHF must remain and cross above 0.9757 then 0.9767, 0.9775 then next big break at 0.9783, 0.9793, 0.9800 and 0.9829. Where would this trend go is 0.9830’s to 0.9860’s are shortest term targets and then begins overbought as price rises.

Below 0.9767 and 0.9757, comes next 0.9763, 0.9759, 0.9752 and way way oversold at 0.9730’s and the point to long yet again.

In the larger picture, as long as 0.9683 holds then longs and buy dip strategies are valid. To track USD/CHF then watch EUR/USD at big break points at 1.1135 and 1.1206. Why the big moves seen is because many pairs are at or near major major break points with ability to fly upon breaks.

Overall watch 0.9730’s for quick longs and take the long upon a break of 0.9783 to target 0.9830’s.

Brian Twomey, Inside the currency Market, btwomey.com

On the downside

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