US Dollar/Swiss Franc Monthly Forecast

US Dollar/Swiss Franc Long Term Technical Forecast

The USDCHF is in the exact same position as the EURUSD (but as the inverse). The EURUSD has already broken through its long term trendline and the USDCHF should do the same soon. The Fibonacci zone begins at 1.2312 but 1.3281 is a more likely target since this is the 50% of the decline and the 2005 high.

US Dollar/Swiss Franc Fundamental Outlook/Interest Rate Forecast

Dimmed outlook for Swiss economic growth has led interest rate traders to forecast a cumulative 10 basis points in SNB rate cuts through the year ahead-a clear shift from previous forecasts for rate hikes. A similarly forceful correction in US interest rate outlook leaves markets expecting almost-unchanged rates for the US dollar, but we nonetheless note that traders predict that US Dollar interest rates will gain 7 basis points against their Swiss counterparts. This leaves a very modestly bullish bias on the USDCHF-at least as far as interest rates are concerned.

Forex Sentiment and Positioning Outlook for the US Dollar/Swiss Franc

Swiss Franc Could Fall (USDCHF Could Rally Further Before Forex Positioning Extreme

DailyFX

Disclaimer

Investment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. Accordingly we make no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the recommendations in this website. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. All intellectual property rights are the property of Daily FX. Daily FX and its affiliates, will not be held responsible for the reliability or accuracy of the information available on this site. The content herein is provided in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by Daily FX or its affiliates. The reader agrees not to hold Daily FX or any of its affiliates liable for decisions that are based on information from this website. Daily FX highly recommends that before making a decision, the reader collects several opinions related to the decision and verifies facts from at least several independent sources.