Swiss Franc Technical Outlook

Published August 12th, 2009 - 06:37 GMT
Al Bawaba
Al Bawaba


The USDCHF pattern is the same as the EURUSD pattern (but as the inverse).  Wave C within the A-B-C corrective decline from 1.2303 may be truncated and therefore complete.  Trading above 1.0939 would confirm the reversal.  Near term, the rally from 1.0561 confirms a reversal (5 waves).  Fibonacci support extends to 1.0686.