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Swiss Franc Technical Outlook
Friday, 14 August 2009 14:54:44 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).  Similar to the EURUSD, the corrective move reversed at the 61.8% of the impulse. 

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