Year-to-date highs in USD/CHF yesterday
The break higher in USD/CHF was accompanied by a surge in trading volumes, Barclays said, and that signals commitment to the move. They cite proprietary data for volume info.
"We see potential for significant upside in USD/CHF over the coming months," technical analysts at the firm said.
The break on higher volumes "points higher toward targets in the 1.0300 area and then 1.0630," they said.
USD/CHF is up 24 pips to 1.0242 today.
Other moves they anticipate are a rise in EUR/CHF to 1.0920 and then 1.0985. In AUD/USD they highlight a topping candle that targets 0.7150 and then 0.7075.
Other trades they see higher than average volume include EUR/USD, GBP/USD and USD/JPY while trading in GBP/JPY, AUD/USD and USD/CAD was weak yesterday.
