Swiss Franc Outlook Uncertain
USDCHF – Our Speculative Sentiment Index has not been especially effective in forecasting recent US Dollar moves against the Swiss Franc. And a major reason for that is the fact that the pair has mostly stuck to a choppy trading range. Retail trading crowds are fairly net-long the USDCHF, which would normally make us bearish. But we will wait for a break of the pair’s multi-month range before taking a strong stance.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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