Swiss Franc Technical Outlook

Published July 30th, 2008 - 07:33 GMT
Al Bawaba
Al Bawaba

There is also no change to the bullish USDCHF count. 



“Under the preferred count, the 3 wave rally from .9647 was wave W in a complex correction.  The choppy decline from above 1.06 serves as wave X and wave Y is underway now.  Expect the advance to reach 1.10 (former 4th wave and wave Y = wave W at 1.0986).”  Near term support is at 1.0440.