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Swiss Franc Technical Outlook

Friday, 02 May 2008 10:39:46 GMT

Written by Jamie Saettele, Currency Analyst

Given the bearish EURUSD bias, we favor the count that we presented Monday on the daily chart that calls for a USDCHF rally to the 1.10 area. 

This bullish forecast remains favored as long as the USDCHF is above 1.0330.  Support should be strong in the 1.0400/40 zone.

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