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Swiss Franc Outlook Favors Gains

Swiss Franc Outlook Favors Gains

2012-10-18 15:39:00
David Rodriguez, Head of Product
Share:
ssi_usd-chf_body_Picture_10.png, Swiss Franc Outlook Favors Gains

USDCHF Retail forex traders are their most aggressively long the US Dollar (ticker: USDOLLAR) against the Swiss Franc since May. Such one-sided sentiment gives us contrarian signal that the USDCHF may continue onto fresh lows.

Similar to the Euro/US Dollar, there is risk of trend exhaustion in the USDCHF. Yet a further break towards May lows leaves us bearish until further notice.

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

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

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