Swiss Franc Technical Outlook

Published June 29th, 2009 - 06:28 GMT
Al Bawaba
Al Bawaba


The surge to 1.1000 in the USDCHF may have completed a 4th wave correction (like the EURUSD).  As such, a drop below 1.0589 and then 1.0367 in wave 5 would complete an A-B-C correction that began in 2008.  Near term, a pop above 1.0911 could complete a small correction of the decline from 1.1020.