Swiss Franc Technical Outlook

Published June 23rd, 2009 - 07:00 GMT
Al Bawaba
Al Bawaba


The USDCHF pattern is the exact same as the EURUSD (but as the inverse) 5 waves up from 1.0589 suggest that an important low is in place. Having yet to exceed 1.0990 (3 wave decline from there), favor the upside against 1.0650.