USD/CHF
The Swiss bank faces the sudden strengthening of the Swiss franc against the U.S. dollar after speaking last week to sell a large amount of Swiss francs while. parallel, the interest rate remains at its lowest level indefinitely. And indeed, attempts were successful Bank intervention at the moment, after the pair U.S. dollar-Swiss franc rallied over 800 points to its current price levels.
In view of the uncertainty in the market, and if we note the technical analysis, the pair need to correct before the high levels reached to then resume their upward sequence, therefore, suggest to sell below the weekly resistance around 0.8019, with a target to the nearest support around 0,7543.
