Swiss Franc Continues to Correct

[B]Commentary[/B]: There is no change in the USDCHF as the pair is tracking our count.

“The USDCHF may have more downside potential than initially thought. Additional support is at 1.2350 and 1.2311 (38.2%-50% of 1.2145-1.2476).” A longer term bullish outcome remains possible as long as price is above 1.2145 but near term, the path of least resistance looks like it is down. [B]Strategy[/B]: Move to flat (previously bullish)