Swiss Franc Technical Outlook

Published June 4th, 2009 - 06:44 GMT
Al Bawaba
Al Bawaba


US Dollar / Swiss Franc



The USDCHF count is the same as the EURUSD count (but as the inverse).  There are 2 competing counts, one that calls for formation of a low prior to 1.0367 and one that gives scope to a drop below 1.0367 before a bottom and reversal.  In the case of the latter, the current decline would be wave 3 of C and would extend from near current price.  Only a rally through 1.0957 would suggest that a low is in place.