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