The Dollar/Swissy is consolidating after a long slide. It has traded in the channel for 12 or 13 hours now and may go lower yet. I'm ready for a break either way and will buy or sell on a close above or below the marked channel lines (the blue solid lines). The other lines on the buy side are areas of resistance. If the pair breaks up I expect that these lines of resistance may be were the pair hesitates or turns. If the pair goes long, and closes above the resistance lines, I might look to add positions. Such breaks would be very bullish indications of what the pair intends. My ultimate long target would be the 800 sma. On the short side, there is some resistance around 1.0450. We'll see. I'll keep you posted.Happy Trading!
