PatrickRepsher
Long

USDCHF, Monthly forecast.

FX:USDCHF   U.S. Dollar / Swiss Franc
I will be longing USDCHF due to the interest rate differential between USD & CHF. I think that the CHF will be a good currency to short due to their interest rate of -.75% I paired the CHF with the USD which has a 1.25% interest rate. I will be looking for fundamentals to support a weakening CHF while I hope to see fundamentals signaling a stronger USD. I'll be attempting to scalp and swing trade until around 1.12105 around that point I would have to determine if anything has changed primarily interest rates if they remain unchanged if price happens to come around 1.12105 level I would most likely stay short however if interest rates began changing at a late date I would have to revise this and perhaps change my forecast however for now I will have my targets set on the 1.12105 level and hope to see the CHF fall as well as the USD rise primarily due to the interest rate differential.
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