CHF decreased there rates to 0 so people would stop sitting on their money we see broad based USD strength and policy divergence. Two scenarios for monday US news is bad this is NEGATIVE feedback in a broader USD based rally that we can use to buy on the 38.2 fibo if news is GOOD then I take a market buy CAUTIOUSLY until we see news later this week on unemployment/NFP's which I expect to be positive.
KEY: Widening rate differentials with the USD should weigh further on the CHF.
.958 offers a very cheap opportunity to go LONG USDCHF
KEY: Widening rate differentials with the USD should weigh further on the CHF.
.958 offers a very cheap opportunity to go LONG USDCHF