Monthly: For the last 86 months USDCHF has held within a bullish channel formation. Level close to 1.0340 continue to cap buying. A full AB=CD formation would the the pair to 1.1450. The psychological 1.0000 (Big Figure) continues to be pivotal and attract sellers. Trend line support is located at 0.9418 (important)
Weekly: Although we have seen an impulsive move higher from the 0.9542 low, we are showing signs of stalling. Demark has posted a correction 9 count on the daily chart. A full corrective ABC formation would take the pair down to 0.9440, close to the aforementioned trend line support
Intraday (2-hours): Looks to have completed a bullish Elliott Wave pattern with the 261.8% extension located at 0.9963 (from 0.9539-0.9700). A Bearish Outside Candle can be seen on the 4-hour chart. A break of 0.9907 would break the formation of higher highs and lows. Although signals are far from strong, selling a break of support offers a good risk/reward set up
