Yes folks our ol’ friend USDCHF is once again approaching recent highs at 0.9115 and once again there are decent offers up here
I won’t be diving straight in to sell at current levels (0.9102) though given the general USD-positive tone but will watch the price action closely given the o/n highs already of 0.9107. Since its wobble on Friday we’ve seen a good recovery as USD strength prevails generally but with EURCHF still not wanting to make further gains and stuck around 1.2110 we need to keep an eye on EURUSD too and whether the decent size option barrier at 1.3300 can prevent further USD gains
So far the pair still looks soft at 1.3305 so caution advised on jumping in to sell USD on either pair
USDCHF Daily 20 Aug
