The USD/CHF has made new lows this week, and continues to punish the USD. The Federal Reserve’s lack of defense for the dollar should ensure that this pair continues to fall for the foreseeable future. The Swiss National Bank tried to intervene and sell the franc months ago, and has since given up. The pair is a “sell the rallies” type of market now, and until we break back over the 0.90 mark.
Originally posted here
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