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Swiss Franc Expected to Strengthen Modestly versus USD

Swiss Franc Expected to Strengthen Modestly versus USD

David Rodriguez, Head of Product
ssi_usd-chf_body_Picture_9.png, Swiss Franc Expected to Strengthen Modestly versus USD

Forex retail trading crowds are effectively neutral the US Dollar (ticker: USDOLLAR) against the Swiss Franc, giving little reason to expect major rallies or weakness through short-term trading. Broader calls for short-term USD declines nonetheless leave the recent USDCHF downtrend roughly intact.

Indeed we see scope for modest USDCHF weakness into the end of the month, while seasonal tendencies suggest July could be the start of a new trend.

How do we interpret and trade with the SSI? Watch an FXCM Expo Presentation that explains the SSI.

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

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com; Contact David via Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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