USD/CHF forecast for the week of August 10, 2015, Technical Analysis

Christopher Lewis

The USD/CHF pair broke down to the upside during the course of the week, clearing the 0.98 handle. By doing so, looks as if this market is ready to continue going higher, aiming for the parity level next. We are buyers of dips, as we believe that the US dollar will continue to strengthen overall, and on top of that this was National Bank continues to work against the value of the Swiss franc. With this, we have no interest whatsoever in selling as this market continues to look very bullish overall.


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