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Swiss Franc Technical Outlook

Monday, 08 September 2008 14:42:53 GMT

Written by Jamie Saettele, Senior Currency Strategist

The USDCHF advance from 96.47 has reached (and exceeded) the 50% retracement of the decline from 1.2569. 

The 4th wave of one less degree stretches to 1.1594, which is just above the 61.8% at 1.1453.  If the USDCHF is going to roll over, this is the area that it should do so.

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