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Swiss Franc Technical Outlook

Thursday, 24 July 2008 14:15:09 GMT

Written by Jamie Saettele, Technical Currency Analyst

It is looking now as though the 3 wave rally from .9647 was wave W in a complex correction.

The choppy decline from above 1.06 serves as wave X and wave Y is underway now and will end above 1.0624.  Near term support is at 1.0350.

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