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Swiss Franc Technical Outlook

Monday, 22 September 2008 14:46:15 GMT

Written by Jamie Saettele, Senior Currency Strategist

The USDCHF is not nearly as clear as the EURUSD or GBPUSD. 

The pair pushed through its 9/15 high and failed to hold below its short term trendline (although the advance may very well be an X wave in a larger complex correction).  A drop below 1.09 would favor the labeling of the X wave. 

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