Swiss Franc Technical Outlook

Published February 4th, 2008 - 09:55 GMT
Al Bawaba
Al Bawaba



The short term count in the USDCHF is not clear. The bigger picture suggests that a larger 3rd wave could be complete and that the USDCHF is entering a multi-week corrective pattern that will give way to lower prices. Very short term, it is possible to count 5 waves up from 1.0728 to 1.0919. A corrective decline that ends below 1.0875 presents a short term bullish opportunity against 1.0728.