USDCHF
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MONTHLY
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Update For: January 22
Posted On: Fri, 22 Jan 2010 15:12:14 GMT
USDCHF
Last Price: 1.0644
Support: 1.0609 (s/f), 1.0496 (s), 1.0368 (s), 1.0130 (s)
Resistance: 1.0796 (s), 1.1024 (s), 1.1086 (m), 1.1184 (f)
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The count we're showing elsewhere and carrying over to $CHF suggests a three-wave decline from 2001 is complete and the market is headed back toward the highs in the 1.8300 area.
The rally above 1.2000, creating an overlap with the lows established in 2006/2007 bolsters the bullish outlook.
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