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Swiss Franc Technical Outlook

Tuesday, 22 July 2008 14:07:01 GMT

Written by Jamie Saettele, Technical Currency Analyst

The short term picture remains clouded.

The rally from .9647 is in 3 waves and that since early May the USDCHF has made a series of lower highs.  This evidence is bearish.  Very short term, expect a push through 1.0258 and maybe even 1.0352.

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