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Swiss Franc Technical Outlook

Tuesday, 07 October 2008 12:59:18 GMT

Written by David Rodriguez, Quantitative Analyst

The US Dollar/Swiss Franc has lost ground but remains in its short-term upward-sloping channel. A continued hold of 1.1352 would signal further gains are likely, with further noteworthy resistance seen at recent highs of 1.1490.

A break below 1.1352 would eye subsequent support near the psychologically significant 1.1300 mark and weekly lows of 1.1215. See our longer-term perspective on the USDCHF.

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