Swiss Franc Technical Outlook

Published March 14th, 2008 - 07:54 GMT
Al Bawaba
Al Bawaba

It looks as though the USDCHF will continue lower, even after piercing parity this morning at .9988.  We do contend that the drop from 1.0352 is wave 5 within the 5 wave drop from 1.1105. 



Wave 5 could extend to the lower channel line near .9750/9800.