If you refer the USD/CHF from 12/1/04 (1.2140) to 19/1/04 (1.2720). My feeling is the USD starting rebound the wave 4x4-1. Base on the " weak USD " can bound 580 pips at few days.
I expect that will break through the 1.2800 at this week end. And finally up to 1.2980~1.3180 before end of Feb for the " completed rebound ".