Swiss Franc Technical Outlook


Similar to the USDJPY, we favor the idea that the USDCHF completed 5 waves down from 1.1033 but with a truncated 5th. As such, a larger correction is underway now as a 4th wave that should end in the 1.05/1.06 zone (23.6%-38.2% of 1.1033-1.0336).