Swiss Franc Technical Outlook

Published April 3rd, 2008 - 04:50 GMT
Al Bawaba
Al Bawaba

Expectations are for the rally from .9647 to eventually reach the 1.0730-1.1121 zone. 



The rally from .9647 has traced out a series of 1st and 2nd waves; indicating the possibility that the USDCHF accelerates higher in a 3rd of a 3rd soon.  Under this count, the rally from 1.0067 is wave iii of 3 of A.  Risk on longs can be moved to 1.0067.