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Swiss Franc Technical Outlook

Higher highs and higher lows since the March low favors bulls longer term. 

Near term, the decline from the top side of the channel looks impulsive and the rally from 1.1828 looks corrective.  However, the EURUSD and GBPUSD bearish counts bring a USDCHF bearish bias into question.  A rally above 1.23 may lead to prolonged strength into 1.30.