Forex Analysis : USD/CHF
The Swiss Franc has little to stop the strengthening anymore, with a move to 0.8400-0.8450 unlikely to surprise anyone.
• The Franc may be overbought, and the Dollar hugely oversold, but for good reason, and much like the USD Index chart there are no signs of a reversal forming just yet for USD/CHF.
• There is no real support left, so a move to 0.8450 or stronger looks entirely possible.
• Indeed, if the Dollar continues to die a slow death, there may be a move to 0.7800 or stronger in coming months, such is the dire outlook for the Greenback in light of the rubbish mouthed by the Fed last week, and indeed the nonsense about strong dollars that Geithner would like us to believe.