USDCHF –Retail forex traders remain aggressively long US Dollar (ticker: USDOLLAR) against the Swiss Franc, and our contrarian view of crowd sentiment leaves us in favor of further losses.
Crowds first turned net-long USDCHF when the pair traded below the SFr 0.95 mark, and the fact that most retail traders remain long gives us reason to expect continued USD weakness.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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