USD/CHF Classical 05.07
USD/CHF: It is hard to believe that with all of the broad based USD buying on Thursday, this pair actually managed to close lower on the day. Price action in the major was however heavily influenced by violent cross related selling in Eur/Chf. Nevertheless, the overall outlook remains highly constructive and while daily studies do not rule out the possibility for some additional short-term declines to allow for technicals to unwind, any setbacks should be very well supported ahead of 1.0900, in favor of an eventual push into the 1.1500-1.2000 area.
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