Forex Analysis : USD/CHF

The Swiss Franc showed the USD what a safe haven really means in the forex markets last week, and needs a rebound above 0.9360 to change the VST trend.

Trade View
• The month chart shows USD/CHF hitting medium term trend support last week, but with plenty of resistance should the Dollar muster a rebound from a heavily oversold state, starting at 0.9360, 0.9400…..and pretty much al the way to parity.
• Given the Dollar is heavily oversold against the Swiss Franc, it will be a leading pair to monitor for direction this week.

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