Swiss Franc Technical Outlook

Higher highs and higher lows since the March low favors bulls longer term. Near term, the decline from the top side of the channel is impulsive and the rally from 1.1828 is corrective.


I had been “expecting weakness below 1.1828 in the next several weeks” but the EURUSD and GBPUSD bearish counts bring that bias into question. If the bull has resumed, then support should be strong in the 1.2075-1.2156 zone.

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