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US Dollar Looks like a Sell versus Swiss Franc

US Dollar Looks like a Sell versus Swiss Franc

David Rodriguez, Head of Product
ssi_usd-chf_body_Picture_21.png, US Dollar Looks like a Sell versus Swiss Franc

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Swiss FrancRetail FX traders remain their most long US Dollar versus the Swiss Franc since the USDCHF traded on its way to modern lows in 2011.

Trade Implications USDCHFThe surge in USDCHF buying leaves us little choice but to remain in favor of further weakness, and indeed our sentiment-based trading strategies have recently sold into weakness.

The crowd is often its most long at the bottom, but those sentiment extremes are only clear in hindsight. As long as retail traders continue buying into USDCHF weakness, we have little choice but to favor the downside.

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

ssi_usd-chf_body_Picture_22.png, US Dollar Looks like a Sell versus Swiss Franc

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

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