USDCHF: Consolidation zone 1.0600- 1.1000.

[RTFX-Trading]

USDCHF: Consolidation zone 1.0600- 1.1000.

The USDCHF is very stable for almost 4 months between 1.0600-1.1000. Both areas 1.0600 and 1.1000 are to be monitored in the medium / long term. The statements of the Swiss National Bank who do not want an increase in the Swiss franc suggest a break of 1.1000, but the pressures of some countries to reconsider the status of the US Dollar as reserve exchange currency could result in a break of 1.0600.



Nicolas Longchamp
RTFX Ltd
Head Office

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