Signal: Bearish
CHF: Both the 13-week and 52-week COT Indices are nearing extremes at 83/100 and 90/100, respectively, which tells us that the USDCHF may see further corrections through upcoming currency trading. Combined with price extremes, we would argue that risks continue to weigh to the topside for the US dollar against the Swiss Franc, and the CHF may look to lose against other major counterparts as well.