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Swiss Franc Technical Outlook
Thursday, 18 June 2009 14:10:30 GMT  |  Jamie Saettele, Senior Currency Strategist
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The USDCHF pattern is the exact same as the EURUSD (but as the inverse) 5 waves up from 1.0589 suggest that an important low is in place.  Having yet to exceed 1.0990 (3 wave decline from there), favor the upside against 1.0650.  A small second wave may complete on a drop below 1.0820.  Fibonacci support extends to 1.0770.

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