USDCHF - Bullish Bias

USD - Strong Bullish
1️⃣ The dollar index (DXY) rebounded above the 94.00 level on Monday after a rebound in US Treasury bond yields after stronger-than-expected retail sales.
2️⃣ Market sentiment is in a Risk-Off state after disappointing economic data from China.
3️⃣ Recent inflationary pressures forced the Fed to do tapering earlier.

CHF - Weak Bearish
1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s intervention at any time.

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Technical
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Buy opportunities for the USDCHF if the price holds above the support level.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.

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