Swiss Franc Likely to Fall on Active SNB
USDCHF – Our retail forex sentiment-driven trading signals continue buying into US Dollar (ticker: USDOLLAR) strength against the Swiss Franc, and we see little reason to call for a major reversal. Indeed, the Swiss Franc seems an attractive way to take positions long the US currency as the Swiss National Bank continues to keep the EURCHF exchange rate above the critical SFr 1.2000 mark.
If the Swiss Franc remains artificially weak, it stands to one of the primary losers against the resurgent US currency. Our Senior Technical Strategist predicts that the USDCHF will remain within its significant uptrend as long as price remains above SFr 0.9366.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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