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Swiss Franc Technical Outlook

We are unsure of the pattern unfolding in the USDCHF.  “A triangle could be in its early stages right now in the USDCHF.  The decline from the 1/22 high at 1.1122 is in 3 waves and the rally from the 2/1 low at 1.0728 is also in 3 waves (to this point).”  Another possibility is that an expanded flat is underway, which would require a rally through 1.1122 before being considered complete.