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Swiss Franc Targets Continued Multi-Year Highs

By , Quantitative Strategist
13 March 2014 14:00 GMT
ssi_usd-chf_body_Picture_16.png,  Swiss Franc Targets Continued Multi-Year Highs

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Swiss FrancRetail FX trading crowds are near their most long the US Dollar versus Swiss Franc on record, warning of a potentially significant price and sentiment extreme.

Trade Implications – USDCHF: Last week we wrote that the Swissie may have been at a substantial turning point as we saw early signs of crowd capitulation. We were clearly early on that call, and indeed crowds have bought into fresh USDCHF declines. We see little choice but to favor continued weakness absent a material pullback in both price and sentiment. Our Senior Strategist remains bearish below SFr 0.8910.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_usd-chf_body_Picture_11.png,  Swiss Franc Targets Continued Multi-Year Highs

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13 March 2014 14:00 GMT