Swiss Franc Technical Outlook

The USDCHF short term pattern is the clearest of all the USD crosses. As mentioned in recent days, the rally from 1.0589 is a 3 wave correction that should be fully retraced. Confirming that the larger trend is still down is the 5 wave decline from 1.1026. Expect strength to 1.0930 or so (former 4th wave and Fibonacci) before the next leg down begins.