Swiss Franc Technical Outlook

Published March 13th, 2009 - 06:26 GMT
Al Bawaba
Al Bawaba

There is no change from yesterday as the USDCHF has marked time since its explosion.  “The fact that a diagonal from 1.13 has not yet been fully retraced makes me skeptical of this move.  One possible outcome is an A-B-C flat…wave C would end below 1.1430.  I’ll post alerts if I see a short opportunity.”