It's been a steady but long ride higher for USDCHF 27 Oct
A steady rally from 0.9420 with more than a bit of support from the SNB along the way now breaches 1.00 for the first time 15 May
USDCHF Weekly
General USD demand helping this latest move but rally now being tempered by EURCHF supply post-ECB and1.1609 lows from 1.1714 yesterday, the highest we've been since the SNB removed the 1.2000 CHF cap on that infamous Jan day in 2015
They've been very vocal and active re ongoing intervention to weaken the franc and I've been an active advocate of buying dips in both pairs. I hope some of you have got on board and made a few pips along the way. We shouldn't rule out further gains even if the euro is having a little wobble currently.
EURCHF Weekly
