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Forex pairs in this Article » USD/CHF
ssi_usd-chf_body_Picture_14.png, US Dollar May Test Major Low versus Swiss FrancReceive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

USDCHFRetail forex traders continue buying into US Dollar weakness versus the Swiss Franc, and a contrarian view of crowd sentiment leaves us in favor of further USDCHF weakness.

Trade Implications – USDCHF: Our SSI-based trading strategies continue selling into US Dollar weakness across the board, and the USDCHF is no exception.

The key caveat with the Swiss Franc is simple: we’ll need to see a substantive break below recent lows to feel comfortable trading into further weakness. It has broken a key short-term rising trend channel, but key support remains at lows near SFr 0.8970.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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