As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
Tag - chf - swiss franc
There are many ways to bet on the decline in the British pound.
Last week USD/CHF broke below the uptrend support line of 2018.
It looks like a bearish “Bat” pattern is formed on the chart of USD/CHF.
Technical analysis of AUD/CHF
EUR/CHF broke below 1.1150 - the lower border of the sideways range within which it has been trading since the middle of 2018.
USD/CHF fell to the lowest levels in almost a year. The pair slid below the June low at 0.9695.
The attempt of AUD/CHF to overcome 0.6800 so far hasn’t been successful. The pair formed a “spinning top” candlestick on the D1 on Tuesday.
NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.
The US dollar drops to strategic lows against the Swiss franc. Will that keep going on?
British General Elections, meetings of the ECB and SNB will drive markets today.
trade ideas for USD/CAD and CAD/CHF