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Swiss Franc Likely to Fall Further versus US Dollar

Swiss Franc Likely to Fall Further versus US Dollar

2014-03-27 14:10:00
David Rodriguez, Head of Product
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ssi_usd-chf_body_Picture_16.png, Swiss Franc Likely to Fall Further versus US Dollar

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Swiss FrancThe US Dollar continues to hold important lows versus the Swiss Franc, and the fact that the recent USDCHF reversal has occurred on a material shift in sentiment favors continued strength.

Trade Implications – USDCHF: Three weeks ago we wrote that the Swissie may have been at a substantial turning point as we saw early signs of crowd capitulation. We were early, and this is not an error we take lightly. Yet the exchange rate subsequently turned higher as sentiment similarly reversed from all-time records. The Dollar looks likely to trade to further highs versus the Swissie. Our Senior Strategist sees that a broader Greenback reversal may be imminent.

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

ssi_usd-chf_body_Picture_11.png, Swiss Franc Likely to Fall Further versus US Dollar

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