USD/CHF Forecast August 10, 2015, Technical Analysis

The USD/CHF pair went back and forth during the course of the day, but it did break above the 0.98 handle which of course was a very bullish sign. With that, we feel that this market continues to go higher, and it’s only a matter time before the buyers get involved. After all, the Swiss National Bank is working against the value the Swiss franc in general, and that of course will be any different against the US dollar. Granted, it’s mainly in the EUR/CHF pair, but there is a bit of a “knock on effect” that happens. We are buyers of dips and continue to aim for parity.