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FOREX ANALYSIS: Swiss Franc Outlook Bullish

FOREX ANALYSIS: Swiss Franc Outlook Bullish

David Rodriguez, Head of Product
ssi_usd-chf_body_Picture_11.png, FOREX ANALYSIS: Swiss Franc Outlook Bullish

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

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