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USD/CHF: on the verge of a major breakout?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Last Monday we wrote an article on the USD/CHF, suggesting that the pair was on the verge of a move towards and beyond parity. Then, the Swissy was testing a key support area between 0.9800 and 0.9840 ahead of important US economic data, which included Friday’s – what turned out to be a stellar – monthly jobs report. Thanks to the improvement in US data and continued hawkish talk from the Fed, the USD has surged higher since the start of the month, lifting the USD/CHF to above and beyond

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