JohnKicklighter
Long

Does USD Have to Rally Broadly to Force USDCHF Beyond Parity?

FX:USDCHF   U.S. Dollar / Swiss Franc
207 2 5
The Dollar Index             is just off a 12-year high, so making the next move higher will require serious conviction and is thereby more difficult to achieve. However, that doesn't stop the Greenback from moving on certain pairings. EURUSD             for example has a good range down to 1.05 which it is already actively tracking out. But pairs like USDCHF             sitting just below very major resistance may be more reticent. I think this eventual ends up bullish , just a matter of time and catalyst.
USDCHF has always been a great proxy for the dollar because CHF is a proxy of gold. Gold tends to move opposite of the dollar :D
+1 Reply
hello sir tomorrow is NFP, so usdchf how much goes up and where is good chance to sell this pair, plz if have an idea share hare thanks
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