Hot: USDCHF to fall up to 500 pips in coming days
Updated
Current USD rally was pushing other major pairs and crosses back to old price levels as it was trying to reach higher. USDCHF was rising each day from mid April onwards but now shows reduced momentum towards current top, signalling it will not climb much higher.
In the meantime the USD rally has started to cool down and no more further increase of USDCHF is expected so we should see a bounce off 1.00. Thereafter as the USD devalues USDCHF will make its down to previous support levels at 0.95 or 0.915.
In the meantime the USD rally has started to cool down and no more further increase of USDCHF is expected so we should see a bounce off 1.00. Thereafter as the USD devalues USDCHF will make its down to previous support levels at 0.95 or 0.915.
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YEt be careful for another bullrun.
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