Swiss Franc Technical Outlook

Published June 22nd, 2009 - 05:51 GMT
Al Bawaba
Al Bawaba


The USDCHF pattern is the exact same as the EURUSD (but as the inverse) 5 waves up from 1.0589 suggest that an important low is in place.  Having yet to exceed 1.0990 (3 wave decline from there), favor the upside against 1.0650.  A small second wave may complete after the test of Fibonacci support at 1.0770.