USD/CHF rose during week, and looks like it has fully bounced off of the 0.85 level. The pair is a “risk off” pair when it runs up now, as the Dollar is the last safe haven currency left. The Pair looks set to wrestle with the 0.90 level, and if that gives – 0.95 and parity are coming next. The breaking of the level is our signal to buy. If we break below the 0.85 level – we think the market will fall enough to get the Swiss involved in an intervention action. Because of this, we aren’t even considering the selling of this pair.
