Swiss Franc Technical Outlook

Published May 7th, 2009 - 06:44 GMT
Al Bawaba
Al Bawaba

The USDCHF decline is also likely to extend.  1.0925 is the 61.8% of the advance from 1.0367 and potential support.  Staying below 1.1421 keeps the pair on a path lower.  1.1315-1.1350 is resistance in the event of a corrective bounce.