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Swiss Franc Technical Outlook
Tuesday, 30 June 2009 14:29:41 GMT  |  Jamie Saettele, Senior Currency Strategist
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The USDCHF short term pattern is the clearest of all the USD crosses.  As mentioned in recent days, the rally from 1.0589 is a 3 wave correction that should be fully retraced.  Confirming that the larger trend is still down is the 5 wave decline from 1.1026.  Expect strength to 1.0930 or so (former 4th wave and Fibonacci) before the next leg down begins. 

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