Swiss Franc Correction

[B]Commentary:[/B] Given the strong rally from 1.1980, it is likely that the USDCHF is trcing out a more complex correction from the 7/18 low at 1.1960. A push through 1.2064 wouls satisfy minimum expectations so be wary of getting long on a break through that level.

If 1.2064 gives way, then former support at 1.2091 becomes potential resistance. If a triangle is unfolding from the low at 1.1960, then the USDCHF will range between 1.1960 and 1.2064 before a break lower. [B]Strategy:[/B] Flat