USD/CHF Short for Next Week
Looking to short USD/CHF next week based on a few key factors:
US Economic Weakness: If US data comes in weaker (e.g., lower GDP growth, soft inflation), the USD may lose strength, reducing the likelihood of further aggressive rate hikes from the Fed.
Safe-Haven Demand for CHF: The Swiss franc could strengthen if market sentiment turns risk-off, driven by global uncertainty or geopolitical tension, as investors flock to safer assets.
Technical Setup: USD/CHF has recently hit resistance levels (e.g., near 0.9300-0.9400). Look for signs of overbought conditions (RSI above 70, bearish divergence) for potential short entry.
Key Risk: If US economic data surprises to the upside or the Fed signals continued hawkish stance, USD could strengthen, posing a risk to the short.
Conclusion: Short USD/CHF if US data weakens and safe-haven demand supports CHF. Watch resistance levels for entry, and keep an eye on the upcoming economic calenda
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.