Swiss Franc Technical Outlook

Published July 24th, 2008 - 06:15 GMT
Al Bawaba
Al Bawaba

It is looking now as though 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 and will end above 1.0624.  Near term support is at 1.0350.