Swiss Franc Technical Outlook

Published May 5th, 2009 - 07:31 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 1.1606 keeps the pair on a path lower.  Short term resistance is at 1.1450/75.