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Swiss Franc Technical Outlook
Friday, 26 June 2009 14:12:47 GMT  |  Jamie Saettele, Senior Currency Strategist
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As expected, the USDCHF has dropped into the Fibonacci retracement zone of the advance from 1.0631.  The zone extends to 1.0782.  If the decline from 1.1026 extends into an impulse (5 waves), then the rally from 1.0589 would be considered an A-B-C corrective rally rather than the beginning of a new bull.

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