USD/CHF Forecast August 17, 2015, Technical Analysis
The USD/CHF pair did very little during the session on Friday, as we continue to bounce around just below the 0.98 handle. With that being the case, the market looks as if it is ready to continue going higher, but we need to clear the 0.98 level in order to start buying. Regardless, we have no interest whatsoever in selling this market as we feel that there is a significant amount of support all the way down to the 0.96 level. With this, we are bullish and we recognize that the Swiss National Bank will continue to work against the value of the Swiss franc in general.