Swiss Franc Technical Outlook

Published September 24th, 2008 - 06:04 GMT
Al Bawaba
Al Bawaba

Clarity is lacking with the USDCHF.  The decline from 1.1284 traveled a bit further than the 1.1422-1.0897 decline. Equality among wave distance is common in corrections and suggests that a bottom is in place at 1.0686. 



However, this scenario does not fit with the EURUSD and GBPUSD, which have a good chance of working higher before rolling over.