A major reason that we have switched to a generally USD bullish bias is the USDCHF. The pair has broken above a channel that has held since early May.
Under this count, the 3 wave rally from .9647 was wave W in a complex correction. The choppy decline from above 1.06 serves as wave X and wave Y is underway now. As mentioned, expect the advance to reach 1.10 (former 4th wave). Look for support beginning at former resistance from 1.0260.
