The Swissy has been an interesting pair of late, taking a nice reaction of a long term trendline, however the CHF is undervalued - while it will be a strong candidate to short with Europe improving, I see the opposite occurring.There is a lot of resistance, and while we may see a move to 0.9425 (50% fib) it will likely be sold as investors fear growing volatility over the September period.Furthermore, if the Taper is put off until December the USD will get hit hard and head much, much lower with…