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Swiss Franc Technical Outlook
Thursday, 04 June 2009 14:44:05 GMT  |  Jamie Saettele, Senior Currency Strategist
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US Dollar / Swiss Franc
06-03-09-Techs-08

The USDCHF count is the same as the EURUSD count (but as the inverse).  There are 2 competing counts, one that calls for formation of a low prior to 1.0367 and one that gives scope to a drop below 1.0367 before a bottom and reversal.  In the case of the latter, the current decline would be wave 3 of C and would extend from near current price.  Only a rally through 1.0957 would suggest that a low is in place.

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