Swiss Franc Technical Outlook

Published September 22nd, 2008 - 06:46 GMT
Al Bawaba
Al Bawaba

The USDCHF is not nearly as clear as the EURUSD or GBPUSD. 



The pair pushed through its 9/15 high and failed to hold below its short term trendline (although the advance may very well be an X wave in a larger complex correction).  A drop below 1.09 would favor the labeling of the X wave.