Category Archives: USD/CHF

USDCHF Making A Reversal

Gregor Horvat

USDCHF has traced 5 waves up, which we see as the start of a new upside trend from latest lows. This pair touched psychological level 1.000 and found resistance there. Current development we see as a corrective three wave pullback with support around 0.9840 levels, from where we expect to see further continuation to higher levels. more…

USD/CHF: Why Parity May Prove To Be A Near-Term Top

Matt Weller

One of this week’s biggest themes has been the gradual unwind of last week’s excessive moves across global markets, and USD/CHF remains one of the best candidates for reversion. From late January’s high near 1.0200, USD/CHF collapsed nearly 600 pips to the mid-.9600s last week. While the pair did slice through its previous bullish trend line last week, the unit has rallied all the way back to test the underside of the broken trend line once as of writing. more…

USDCHF Buy Into Dips

Nenad Kerkez

While we are patiently waiting for FOMC meeting we need to know that interest rate differential between US and Switzerland definitely favors the dollar. Having a record unemployment rate at 5.1 % FOMC is a step closer to rate hike and recent Yellen comments suggested that China turmoil had no significant impact on FED’s plans about the hike. more…

USDCHF: Four-Decade Low in US Jobless Claims Could Overcome Bearish Technicals

Matt Weller

Last week, we highlighted a confluence of key resistance levels in the .9600-50 zone on USDCHF (See “USDCHF: Two Swiss-Cheese Style Holes on the Way to Parity” for more). As anticipated, the pair edged up into that area and has since turned lower to fall over 100 pips from the high set earlier this week. Now, the question on traders’ minds is “Where will the pair head next?” more…