That’s what my old friend the GoV (Guru of Vietnam) reckons. He’s been in the FX market forever and uses a bit of everything in his analysis; fundamental and market information backed by technical indicators. He tells me that I should be accumulating USD/CHF below 1.05 and more so towards 1.02 but be ready to buy breaks if market momentum turns. His targets are 1.12 in the first instance and then 1.16.
This is a trade I like as I cannot see the point in buying CHF as a safe haven play. Yeah, I know, the market is always right blah blah blah but at some stage it will turn and I intend to be on board when it does.
