Strifor || USDCHF-Mid-term view
Updated
Preferred direction: SELL
Comment: For the Swiss franc, we continue to follow the buy-priority. Scenario №1, which we previously published, is already in progress, however, the strengthening of the US dollar at the beginning of this week will most likely lead to the activation of scenario №2. We also assumed this, and given the fact that the franc is currently far from the most stable currency against the US dollar, the next update of the maximum is quite expected.
Therefore, medium-term short-term sentiment for this pair remains. The target for the fall is at the level of 0.89000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: For the Swiss franc, we continue to follow the buy-priority. Scenario №1, which we previously published, is already in progress, however, the strengthening of the US dollar at the beginning of this week will most likely lead to the activation of scenario №2. We also assumed this, and given the fact that the franc is currently far from the most stable currency against the US dollar, the next update of the maximum is quite expected.
Therefore, medium-term short-term sentiment for this pair remains. The target for the fall is at the level of 0.89000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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