Summerset

USDCHF - Broad Picture

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Longer term the Dollar Swiss could be doing a trending zigzag down to 0.80 levels in the next leg of the financial / banking crisis. (keep in mind the financial crisis has been under pinning a strong CHF against the USD since the credit crash of 2008.

Short term however, with the FED meeting coming up, there would be resurgence of Dollar strength to form upward leg (b- red) in the overall zigzag pattern.

The short term direction is therefore up

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Summerset
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