Swiss Franc Technical Outlook

Published April 21st, 2008 - 05:19 GMT
Al Bawaba
Al Bawaba

“The rally through 1.0249 confirms that the C wave we had suspected was underway is underway. 



The 100% extension of .9647-1.0249/.9871 at 1.0473 is an initial bullish objective.”  The USDCHF must remain above .9887 (and preferably above .9940) if this count is to be proved correct.