Swiss Franc Technical Outlook

Published July 22nd, 2008 - 06:07 GMT
Al Bawaba
Al Bawaba

The short term picture remains clouded.



The rally from .9647 is in 3 waves and that since early May the USDCHF has made a series of lower highs.  This evidence is bearish.  Very short term, expect a push through 1.0258 and maybe even 1.0352.