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Swiss Franc Technical Outlook
Wednesday, 12 August 2009 14:37:06 GMT  |  Jamie Saettele, Senior Currency Strategist
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The USDCHF pattern is the same as the EURUSD pattern (but as the inverse).  Wave C within the A-B-C corrective decline from 1.2303 may be truncated and therefore complete.  Trading above 1.0939 would confirm the reversal.  Near term, the rally from 1.0561 confirms a reversal (5 waves).  Fibonacci support extends to 1.0686. 

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